Tether Prints Another $1B USDT, July Total Hits $8 Billion
Tether’s USDT minting has surged dramatically this July, and the stablecoin issuer just created another $1 billion USDT tokens, which actually pushes the month’s total to $8 billion. This aggressive expansion represents one of the largest monthly increases in stablecoin market cap right now, and it’s raising fresh tether printing concerns among market observers who are tracking the USDT supply surge along with related crypto whale activity. Tether transaction transfers showing recent minting activity – Source: Arkham Tether Prints $1B USDT in July Minting Surge Source: Changelly The latest Tether USDT minting operation adds to what has become an extraordinary month for token creation, actually. Since July 1st, Tether has been consistently expanding its supply through multiple large-scale operations, and each billion-dollar mint has been contributing to concerns about the rapid pace of stablecoin market cap growth. Tether(@Tether_to) just minted another 1B $USDT! ...