Tether Churns Printers Again; Mints 20 Million USDT

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Tether, the issuer of the USDT dollar-pegged coin, is running the money printer again, increasing the supply to 4.088 billion USDT. After Bitcoin (BTC) price once again threatened to drop below $10,000, a USDT liquidity injection may boost prices. New USDT Enters Markets Tether once again grew the supply of USDT, after testing the waters with recent coin burns. But after BTC prices responded with significant drops, bots noticed new USDT hitting the markets. New coins came out of the minting wallet, and the Tether treasury moved funds into circulation. 20,000,000 #USDT (20,148,434 USD) minted at Tether Treasury Tx: https://t.co/iq41Y7Y5M7 — Whale Alert (@whale_alert) September 10, 2019 The latest printing intervention made USDT the sixth biggest digital coin by market capitalization, with a daily turnover exceeding that of BTC. The latest USDT printings are happening both on the Omni layer, and the Ethereum network. In the future, more USDT will…

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