ChainCatcher message display, according to Lookonchain monitoring, since November 6, Tether has minted 16 billion USDT on the Ethereum and Tron blockchains. This move has attracted widespread attention in the market, as such large-scale minting usually impacts market liquidity and stability.

Firstly, Tether's large-scale minting may indicate an increased demand for stablecoins in the market, which may be related to investors seeking safe-haven assets. Secondly, this minting action may affect the market capitalization ranking of USDT, thereby causing a chain reaction on the rankings of other digital currencies. Finally, observing on-chain data can help us better understand market trends and investor behavior.