Tether Treasury minted $1 billion USDT on May 16, 2024, sparking market speculation about its impact. Tether CEO Paolo Ardoino clarified that the amount will be used for future issuance requests and exchange stock. Historically, increases in USDT supply have correlated with Bitcoin price rises, with past mintings pushing Bitcoin's price significantly higher. The crypto community anticipates potential market movements following this large issuance.

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