Tether Mints 2 Billion USDT, Sending $1 Billion to Binance Amid Rising Institutional Demand and Bitcoin Price Recovery
2025-07-18 00:13:46
Main Idea
Tether minted 2 billion USDT, sending $1 billion to Binance, signaling growing institutional demand and liquidity amid Bitcoin's price surge past $119,000.
Key Points
1. Tether issued 2 billion new USDT tokens, with $1 billion sent to Binance, reinforcing the exchange's role as a primary liquidity hub.
2. Bitcoin's price rally beyond $119,000 aligns with the surge in USDT supply on major exchanges, highlighting USDT's role in facilitating market transactions.
3. Tether CEO Paolo Ardoino confirmed USDT circulation has exceeded $160 billion, emphasizing its expanding footprint in the crypto ecosystem.
4. USDT dominates the stablecoin market, accounting for nearly 80% of total stablecoin supply, and serves as a critical liquidity backbone in digital asset trading.
5. The surge in USDT issuance and Bitcoin's price rally suggest increased institutional and retail trading activities in the crypto market.
Description
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