On the first day and the fourth day of the new month, Tether pushed USDT to a total of $ 200 million. Tether, the largest exporter of stablecoin, has now issued USDT worth another 100 million. The company thus issued USDT worth $ 300 million in eight days.
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 100,000,000 #USDT (100,671,114 USD) minted at Tether Treasury
— Whale Alert (@whale_alert) July 8, 2019
Tether expects a “pump” in the market after every USDT step. Because it is now almost proven that the Bitcoin price has gone up after every new USDT supply. Experts consider each new USDT as the new currency entering the market.
At the time of publication, the Bitcoin price was trading at $ 11,885, a change of 5.31 percent in the last 24 hours. It is of great interest to see how the price will now follow.
According to CoinMarketCap, the USDT is currently the 8th largest crypto currency and the largest stablecoin with a total market value of $ 3.7 billion. The last 24-hour volume of the crypto currency is 22.3 billion dollars.