This morning, Tether continued to mint $1 billion USDT on the Tron network before depositing a net amount of $80 million onto the Bitfinex exchange.
GSR Markets is also actively promoting the deployment of stablecoins on exchanges, alongside Wintermute and Cumberland. In addition, they are actively engaging in the market. In the event of a market downturn, there will be an opportunity to absorb these stablecoin quantities, which in turn will have absorbed altcoins at more favorable prices than those offered to retailers.
Altcoins exhibiting strong recovery momentum include Layer 1 projects such as APT, SUI, FTM, and others related to infrastructure projects.
- Six hours ago, $1 billion was minted and transferred to Tether from the Black Hole.
