Bitcoin’s Surge to $89,500 Coincides With Tether’s $4B USDT Mint

Tether’s latest activity was spotted by Lookonchain when it minted $2 billion in USDT two days earlier and another $2 billion nine hours thereafter. This $4 billion increase in stablecoin supply coincided with Bitcoin reaching a new high of $89,500. Some analysts believe this influx of USDT is contributing to Bitcoin’s rally. As at press The post Bitcoin’s Surge to $89,500 Coincides With Tether’s $4B USDT Mint appeared first on Coin Edition .

Source: Coin Edition