$USTC tether has started to issue #USDT。 frequently. Does this mean that the bull market is coming?....

In the past two days, Tether has issued an additional 2 billion USDT twice in a row. USDT has received 90 billion USD...and 1.33 billion of the 2 billion have been transferred to the same address of An An. This makes People's imagination is running wild... Is this a bid to raise funds?

In fact, stablecoins are also an indicator of whether the market is bullish or bearish. In a bear market, the demand is relatively low, while in a bull market the demand is relatively high. The issuance and destruction of USDT are based on market demand. .And tether is like the Federal Reserve of the currency circle..

On the stablecoin track, the one that is more resistant is $USDC. The others are algorithmic stablecoins. The biggest feature of algorithmic stablecoins is their instability. As long as the market value increases, they will not have enough repurchase capabilities. , LUNA is a lesson learned from the past.

As for USDC, starting from the second half of 2023, major institutions have been applying for ETFs. This has had a huge impact on USDC, although USDC’s financial statements have always been quite transparent...

To sum up, once tether starts to issue USDT frequently, the bull market will not be far away.