Tether minted 2 billion USDT on December 6, adding to its stockpile of prints over the months. With the latest move, the issuer of the most capitalized stablecoin, USDT, caps off a series of mints totaling 19 billion since November 6.

These actions reflect Tether’s dominance in providing liquidity to the crypto market. Nevertheless, it has raised concerns about transparency and systemic risks.

Tether Mints 4 Billion USDT This Week

Blockchain analytics tool Lookonchain reported that Tether minted 2 billion USDT during the late hours of the US session on Friday. This was just a day after the stablecoin issuer printed 1 billion USDT on Thursday, and another 1 billion USDT two days before that, on December 3.

“Tether minted 2 billion USDT again 6 hours ago! Tether has minted 19 billion USDT on Ethereum and Tron since Nov 6,” Lookonchain reported.

Minting involves creating tokens, effectively injecting liquidity into the crypto market. In theory, it helps facilitate smoother transactions while enabling traders to hedge against volatility. The addition of USDT could enhance liquidity, potentially stabilizing prices and narrowing spreads during high trading volumes.

With Bitcoin trading above $99,000 and experiencing high volatility, increased USDT liquidity could, depending on its deployment, stabilize markets or exacerbate price fluctuations.

However, the sheer scale of recent mints, totaling 19 billion in just over a month, has prompted speculation. Wh

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Author: Lockridge Okoth