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Cryptocurrency News Articles
Tether Just Injected 1 Billion USDT of Liquidity Into the Market
Apr 21, 2025 at 05:32 pm
Data shared by the analytics X account @lookonchain and also mirrored by Whale Alert blockchain tracker shows that approximately half an hour ago, Tether issued a massive stablecoin chunk containing 1,000,000,000 USDT.
Tether, the company behind the USDT stablecoin, has just injected a massive amount of liquidity into the cryptocurrency market. According to data shared by the analytics X account @lookonchain and also mirrored by Whale Alert blockchain tracker, about half an hour ago, Tether issued a stablecoin chunk containing 1,000,000,000 USDT.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #USDT (499,503,750 USD) transferred from Tether Treasury to #HTXhttps://t.co/1Od81bg29q
1 billion USDT in liquidity goes to the market
The stablecoins were minted on the Tron blockchain. Whale Alert also showed that after that, 500,000,000 USDT were shoveled from the Tether Treasury to the HTX exchange that belongs to tech billionaire Justin Sun, the founder of Tron. This could be half of the newly minted USDT batch.
Tether(@Tether_to) just minted another 1B $USDT on #TronNetwork.Tether has minted 10B $USDT since Jan 29, 2025.https://t.co/2wFo2DEvz3 pic.twitter.com/PwhAa0mFsv
Lookonchain also summarized that since January 29 this year, Tether has created 10,000,000,000, without specifying on which chain those cons were issued.
This is a significant liquidity injection into the cryptocurrency market. Historically such injections have preceded Bitcoin price surges as stablecoins add more “dry gunpowder” to the market, which investors are eager to spend on BTC and other top cryptocurrencies.
Bitcoin is breaking out, adding 2.6%
Today, the flagship cryptocurrency Bitcoin has left traders with their jaws dropped as it started growing all of a sudden and added 2.6% in just a few hours. BTC has soared from $85,212 and is currently changing hands at $87,440 per coin.
This breakout has taken place after several consecutive and substantial price drops faced by Bitcoin last week after the Federal Reserve chairman Jerome Powell announced that due to the signs of inflation pressure remaining, the Fed intends to avoid any rate cutting so far and will maintain the current interest rate. He was heavily slammed by US president Donald Trump who demanded an immediate interest rate cut and saying that he wishes to remove Powell from his position.
Overall, since Wednesday, when the decision was announced and Bitcoin plunged, it has by now rebounded by roughly 5%, rising from $83,290 to the current level.
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