Tether minted $1 billion worth of USDT tokens on the Ethereum blockchain on Tuesday, capitalizing on growing excitement around a possible Ethereum ETF approval. 📈 This isn't the first time Tether has minted tokens amid spot ETF speculation. Ethereum's value rose 15% on Tuesday amid speculation. This increase occurred due to the higher probability of Ethereum ETF approval. This indicates that more funds will flow into ETH and Ethereum coins in particular. However, Deutsche Bank analysts are highlighting Tether's lack of transparency, warning of potentially serious consequences if the USDT stablecoin collapses. This puts the total capitalization at over $160 billion, considering Tether's dominant position in the stablecoin market. Tether's market capitalization exceeds $111 billion, it controls approximately 70% of the stablecoin market.