• The issuer of USDT, Tether, has been termed as the Fed of the crypto market. 
• Analyst Ali Martinez highlighted the correlation in USDT printing and Bitcoin price.
• Over 1 billion new USDT tokens were printed for the Tron ecosystem.

Tether, the company behind the top stablecoin USDT, has minted 1 billion new tokens. Crypto analyst Ali Martinez suggests this could boost Bitcoin’s price.

Martinez draws a parallel between Tether and the Federal Reserve, noting that the crypto market often rallies after new USDT issuance. He also observed a surge in USDT minting during the recent market decline, suggesting this could foreshadow a potential market recovery.

On the same token, Whale Alert, an X account that tracks large whale movements, stated in a post that on August 20, Tether minted a massive 1 billion USDT tokens, roughly worth $1 billion. As per Martinez’s theory, this surge in printing could infl…

The post Tether Mints $1B USDT, Bitcoin Price Eyes Rally appeared first on Coin Edition.

• The issuer of USDT, Tether, has been termed as the Fed of the crypto market. 
• Analyst Ali Martinez highlighted the correlation in USDT printing and Bitcoin price.
• Over 1 billion new USDT tokens were printed for the Tron ecosystem.

Tether, the company behind the top stablecoin USDT, has minted 1 billion new tokens. Crypto analyst Ali Martinez suggests this could boost Bitcoin’s price.

Martinez draws a parallel between Tether and the Federal Reserve, noting that the crypto market often rallies after new USDT issuance. He also observed a surge in USDT minting during the recent market decline, suggesting this could foreshadow a potential market recovery.

On the same token, Whale Alert, an X account that tracks large whale movements, stated in a post that on August 20, Tether minted a massive 1 billion USDT tokens, roughly worth $1 billion. As per Martinez’s theory, this surge in printing could infl…

The post Tether Mints $1B USDT, Bitcoin Price Eyes Rally appeared first on Coin Edition.