RATE Group | Tether Treasury Mints 30M USDT After Bitcoin Crashes Below $8,000
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Tether Treasury Mints 30M USDT After Bitcoin Crashes Below $8,000

24 Oct Tether Treasury Mints 30M USDT After Bitcoin Crashes Below $8,000

Posted at 03:35h in Bitcoin News by

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Yet again, we have observed the Tether Treasury minting a significant amount of USDT shortly after the Bitcoin price dropped hard to below $8,000.

This time, the Whale Alert (@whale_alert) Twitter account has noted a minting of $30 million in USDT on the TRON blockchain by the Treasury, who then moved it to the Bitfinex exchange.

Around a month ago, the Treasury acted similarly, minting around $15 million in USDT and moving it to the Huobi exchange after the last time Bitcoin’s price crashed to around $8,000, as BeInCrypto has previously reported. Since then, the Tether Treasury has also minted close to 2.5 million USDT on TRON shortly after minting around 20 million USDT a week beforehand. As you may know, these mintings mainly occur on the TRON blockchain as of late, as BeInCrypto has also previously reported.

Of…

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