Tether has minted $1B worth of stablecoins.
Overall, this minting can be seen as a positive development. It indicates that there is an inflow of capital, which has been converted into stablecoins via Tether, and these Tethers can be used for transactions. Even if it doesn’t have an immediate impact, it’s a sign that the market is generally growing and will continue to expand in the future.
With the $1B minted, Tether's total supply has risen from $54B to $55B. These minted amounts will be utilized over time. We are in a positive scenario.
Written by XBTManager