Tether has just minted $1 billion worth of stablecoins. While this indicates an influx of capital, the overall market remains negative.

Tether’s total supply has now increased from $54 billion to $55 billion. However, the immediate impact of this minting has not been seen significantly in the market.

On the other hand, optimism towards Bitcoin remains high. Many analysts believe that BTC will continue to show positive performance despite unfavorable market conditions.

Stay alert and keep an eye on the crypto market developments.