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Tether issued an additional 1 billion USDT liquidity into the crypto market.
Whale Alert detected that Tether Treasury minted 1 billion USDT on Ethereum, and this massive minting is directly interpreted as a strong signal of injecting liquidity into the ecosystem. Although Tether and Circle have collectively minted 11.75 billion USD in stablecoins within a week, a single transfer of 1 billion is still quite substantial.
The timing is quite interesting, just as Bitcoin rebounds to $106,000 and market sentiment is cautiously optimistic. This provides traders and institutions with ample ammunition, whether it's to buy the dip, arbitrage, or increase margin. This expansion of liquidity is key to the market regaining momentum after digesting last week's large outflow of ETFs and the decline in DeFi TVL. A large amount of cash is being converted into on-chain USD, directly supporting the trading demand of Ethereum and other L1 networks. In the short term, this is a strong demand signal.