{"id":94935,"date":"2020-10-22T08:34:41","date_gmt":"2020-10-22T05:34:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/almost-half-a-billion-usdt-minted-in-past-36-hours-as-bitcoin-rallies\/"},"modified":"2020-10-22T08:34:41","modified_gmt":"2020-10-22T05:34:41","slug":"almost-half-a-billion-usdt-minted-in-past-36-hours-as-bitcoin-rallies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/almost-half-a-billion-usdt-minted-in-past-36-hours-as-bitcoin-rallies\/","title":{"rendered":"# Almost half a billion USDT minted in past 36 hours as Bitcoin rallies"},"content":{"rendered":"

“# Almost half a billion USDT minted in past 36 hours as Bitcoin rallies <\/strong>”
\n<\/p>\n

The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed<\/a> more than 185 million tokens to exchanges and other addresses in the last 36 hours.\u00a0<\/p>\n

As shown by blockchain tracker Whale Alert, two transactions of 150 million<\/a> and 300 million<\/a> USDT tokens were minted on Oct 20 and Oct 21 respectively.<\/p>\n

The first 150 million was printed only hours before Paypal\u2019s announcement and the Bitcoin (BTC) price rally that followed. <\/p>\n

Although some raised the usual allegations of market manipulation in response to Whale Alert\u2019s tweets, both transactions were acknowledged by Tether CTO Paolo Adoino as unissued \u201cinventory replenishes\u201d on the Tron (TRX) Network:<\/p>\n

Since yesterday’s 150 million USDT minting, 15 transactions totaling 185.9 million USDT have been sent to exchanges including Bitfinex, and Huobi, as well as several “unknown addresses.” <\/p>\n

Almost 70% (126.9 million USDT) of the tokens sent out of the Treasury ended up going to Binance.<\/p>\n

The Tether Treasury wallet now holds only a little more than 280 million USDT. The last of the transactions occurred one hour after the 300 million USDT run was minted. <\/p>\n

Tether issuance has been frequently linked with Bitcoin price rallies, although there is a constant “chicken and egg” debate over whether the issuance leads the rally, or is in response to demand. <\/p>\n

In April this year, Tether minted 160 million USDT during Bitcoin\u2019s price rally to $9,000. It came one week after research was released that argued that USDT isn\u2019t used to manipulate Bitcoin\u2019s price.<\/p>\n

Tether\u2019s market cap has grown by more than 400% year-to-date to reach $15.9 billion.<\/p>\n<\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Almost half a billion USDT minted in past 36 hours as Bitcoin rallies ” The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours.\u00a0 As shown by blockchain tracker Whale Alert, two transactions of…<\/p>\n","protected":false},"author":1,"featured_media":94936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/82266cab-12e0-4497-9c2b-926a1d8cfd26.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75688,36041],"class_list":["post-94935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-usdt","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/94935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=94935"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/94935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/94936"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=94935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=94935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=94935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}