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🪙 Tether mints $1 billion USDT on Ethereum amid ETF anticipation

Stablecoin issuer Tether minted $1 billion USDT tokens on the Ethereum blockchain, capitalizing on a market upswing driven by hopes that the US Securities and Exchange Commission (SEC) might approve a spot ETH ETF for trading this week. Market analysts suggested that Tether’s new minting is a strategic move ahead of a potential market rally triggered by an ETH ETF approval. Ivan Sherbakov, CEO of Cryptorobotics, said this minting “will be used as liquidity to pump the market ahead of ETF news.”

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https://www.tg-me.com/it/Crypto Market Time/com.CryptoMarketTime
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🪙 Tether mints $1 billion USDT on Ethereum amid ETF anticipation

Stablecoin issuer Tether minted $1 billion USDT tokens on the Ethereum blockchain, capitalizing on a market upswing driven by hopes that the US Securities and Exchange Commission (SEC) might approve a spot ETH ETF for trading this week. Market analysts suggested that Tether’s new minting is a strategic move ahead of a potential market rally triggered by an ETH ETF approval. Ivan Sherbakov, CEO of Cryptorobotics, said this minting “will be used as liquidity to pump the market ahead of ETF news.”

Source

https://www.tg-me.com/it/Crypto Market Time/com.CryptoMarketTime

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