minting has pushed Tether’s circulating supply to new highs, with a fresh $1 billion mint on TRON bringing the stablecoin’s supply from $48.8 billion to nearly $62.8 billion.
TRON has become a major driver in Tether’s growth, holding 51% of USDT’s $120 billion supply, with Ethereum closely following at 45%. Nevertheless, past mints have frequently aligned with bullish sentiment. Analysts observe that these issuances often coincide with increased trading volumes, as traders see them as signals of rising liquidity and potential gains.
Meanwhile, metrics like net network growth, concentration, and large transactions remain neutral, suggesting a stable but optimistic outlook.
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Source: CryptoAmb - 🏆 22. / 68 Read more »