RATE Group | Cryptocurrency News Today – Headlines for May 1
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Cryptocurrency News Today – Headlines for May 1

01 May Cryptocurrency News Today – Headlines for May 1

Posted at 22:35h in Cryptocurrency News by

  • Tether’s market cap is close to ousting that of XRP
  • Tether’s Treasury issued 1 billion USDT last month
  • USDT runs on Bitcoin’s Omni Layer, Tron, and Ether

Cryptocurrency News Today – the stablecoin Tether has recently been in the news frequently. Now the latest about the stablecoin is that its market cap is getting closer and closer to surpassing the market cap of XRP. This is due to the continued minting of new tokens by Tether’s Treasury. This situation has previously resulted in an accusation of artificially manipulating the price of BTC and all the rest of the major digital assets.

Tether’s Treasury Issued 1 Billion USDT Last Month Alone

The Tether Treasury issued 1 billion USDT last month. This caused a huge hysteria among investors, as they believe that these actions are an attempt to manipulate the digital assets market. The Whale Twitter account reported the issuance of over 120,000,000 USDT on the Ether network by the Tether Treasury. However, the CTO of Tether…

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