🚨 Tether's Recent Activities 🚨
Tether, the world's largest stablecoin issuer, has minted over $3 billion in USDT in the last 24 hours! This brings their total minting to $13 billion since early November 💰
According to LookOnChain, this recent minting consisted of two transactions: $2 billion and $1 billion, both sent to the company's treasury wallet. Major minting events this month include $9 billion on November 8 and $2 billion on November 21 and 23 combined 📈
This minting surge signals positive market sentiment, as increased stablecoin demand often indicates bullish trends 📊
In other exciting news, Tether has partnered with the UAE government to launch a new dirham-pegged stablecoin, fully backed by the UAE's reserves. This initiative aims to position the UAE as a key global economic hub 🌍
Additionally, Tether has collaborated with Quantoz Payment to introduce EURQ and USDQ stablecoins 🎉
Tether's investment arm also took a bold step by funding a $45 million physical crude oil trade, facilitating the transfer of 670,000 barrels from the Middle East 🛢️
Stay tuned for more updates as Tether continues to innovate in the crypto space! 💡