Source: TheMerkle.com
Approximately three hours ago, the Tether Treasury minted 1 billion USDT on the Ethereum network.
This minting activity comes just before the highly anticipated Federal Reserve interest rate cut, scheduled for September 17-18.
Over the past year, the Tether Treasury has issued a staggering 35 billion USDT, playing a key role in Bitcoin’s price surge from $26.6K to over $73K in March.
Historically, large USDT mintings have been linked to Bitcoin
Read More https://themerkle.com/tether-treasury-mints-1b-usdt-on-ethereum-ahead-of-anticipated-fed-rate-cut/
The post "Tether Treasury Mints $1B USDT On Ethereum Ahead Of Anticipated FED Rate Cut" appeared first here TheMerkle.com.
Source: TheMerkle.com
