Tether minted $3 billion USDT in a single week, with Abraxas Capital receiving $2.89 billion of that total, according to on-chain records. The concentrated allocation to a single entity has drawn attention from market participants tracking stablecoin liquidity flows.
$3 Billion in USDT Minted Within One Week
Tether’s treasury issued $3 billion in new USDT tokens over a compressed one-week period. The pace of issuance is notable given that large minting events often coincide with periods of elevated trading demand across crypto markets.
On-chain records tied to the Tether treasury address on Etherscan reflect the outgoing token transfers associated with this minting activity.
It is important to distinguish between minting and circulation. When Tether mints USDT, the tokens are initially held in the treasury wallet. They enter active circulation only when distributed to counterparties such as exchanges, market makers, or institutional clients.
Read more: coinmarketcap.com
Source: CRYPTO WORLD NETWORK NEWS
