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Tether (USDT) Prints New Coins as Treasury Runs Out of Funds

Published 04/26/2019, 04:03 AM
Updated 04/26/2019, 05:22 AM
Tether (USDT) Prints New Coins as Treasury Runs Out of Funds
BTC/USD
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The Tether treasury wallet was almost emptied out, falling to 57 million coins, before the new printing raised the stores to more than 273 million. Now, USDT coins have proliferated again, with a circulating supply of more than 2.8 billion, up from under 2 billion coins just a few months ago. The influence of USDT is seen as one of the chief drivers of Bitcoin (BTC) price movements. As of Friday, more than 71% of all BTC trades were in the pairing with USDT.

For the new series of USDT minting, Tether has changed the address

This article appeared first on Cryptovest

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