Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Stablecoins in the Spotlight – Tether USDT’s Latest Minting Play and What It Means
ALTCOIN NEWS

Stablecoins in the Spotlight – Tether USDT’s Latest Minting Play and What It Means

By Crypto FlexsAugust 15, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Stablecoins in the Spotlight – Tether USDT’s Latest Minting Play and What It Means
Share
Facebook Twitter LinkedIn Pinterest Email
  • USDT minting has reached a total of $16 billion since Bitcoin peaked at $74,000.
  • Whale activity increases as Bitcoin and USD liquidity become correlated.

Tether Treasury minted 1 billion USDT on Ethereum and sent 183.2 million USDT to Cumberland for exchange deposits in the last 13 hours, according to what SpotOnChain observed on X.

After the August 5 cryptocurrency market crash, Cumberland received 953 million USDT from Tether and invested 906.7 million USDT in various exchanges, including Coinbase, Kraken, OKX, Binance, and Bullish.com.

Source: SpotOnChain

Additionally, Tether ($USDt) was integrated into the TON blockchain, driving USDT’s market cap to an all-time high of $115.6 billion.

As of today’s writing, Tether’s $1 billion worth of coins combined would bring the total value of the coins to $16 billion since Bitcoin hit its all-time high of $74,000.

As big financial players prepare to enter the market, they can use this liquidity to drive the price higher. This new Tether development is a sign of increased whale activity on centralized exchanges due to smooth transactions.

The ongoing mining coincides with the recent market surge, supported by secure and efficient infrastructure such as MPC wallet providers, custodians, and RPC solutions. In short, all of this leads to more activity on centralized exchanges.

Therefore, there is reason to expect that these castings and transfers will drive the momentum in the cryptocurrency market.

Source: TradingView

Whale Watching Hike

However, after the minting and previous activity, Whale “0xbe6” withdrew 935.1 WBTC ($55.6M) from Binance at an average price of $59,451.

Similarly, a few hours later, another whale, “bc1qr,” withdrew 1,500 BTC ($89.1 million) from Bitfinex for $59,393.

The significant transactions between these two prominent whales have been confirmed through data from SpotOnChain.

Source: SpotOnChain

Bitcoin and USD liquidity rhymes.

It’s also worth noting that Bitcoin and USD liquidity typically move together, but ETF flows have driven BTC higher this year despite lower USD liquidity.

Conversely, USD liquidity is currently increasing on the charts, which could increase risk assets as the trend continues due to the minting of USDT.

Source: TradingView

This new rhythm between BTC and USD liquidity is likely to have implications for USDT, especially since it has recently been released in large quantities on centralized exchanges.

Next: LINK Price Prediction – Everything Traders Can Expect in the Short Term

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Easily Earn $5588+ In Passive Income Every Day With PlanMining Cloud Mining

October 3, 2025

The reason why hyper clicade wins aster with Perp DEX, which can be most invested.

October 3, 2025

Psy Protocol Testnet Combines Internet Scale And Speed With Bitcoin-Level Security

October 2, 2025

Eightco Holdings Inc. ($ORBS) Expands Investor Access With Options Trading

October 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025
Most Popular

Top & New Meme Coins From CoinMarketCap, Uniswap, PancakeSwap, To Watch January 12 – IDO & ICO Calendar

January 14, 2024

As Litecoin (LTC) Faces a 15% Weekly Slump, Can Chainlink (LINK) and Arbitrum (ARB) Navigate the Bitcoin ETF Wave?

January 5, 2024

Taiko introduces ‘BASEDLINER’ to improve the transaction speed of the preliminary confirmation era.

May 27, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.