Dados da Lookonchain revelaram em 29 de novembro que a Tether adicionou mais 1 bilhão de USDT ao seu estoque. O emissor de stablecoin acabou de cunhar outro 3B USDT no último domingo. A empresa elevou seu total de USDT cunhado para 14 bilhões desde 8 de novembro.
CCData revelou que o USDT permaneceu dominante no ecossistema de stablecoin, comandando aproximadamente 69% da participação total no mercado de stablecoin. O alto volume de atividade de stablecoin da Tether foi o principal impulsionador dos ganhos de US$ 2,5 bilhões da rede durante o terceiro trimestre de 2024.
PSA: reposição de estoque de 1 bilhão de USDt na rede Tron . Observe que esta é uma transação autorizada, mas não emitida, o que significa que esse valor será usado como estoque para solicitações de emissão e trocas em cadeia do próximo período.
— Paolo Ardoino 🤖🍐 (@paoloardoino) 20 de agosto de 2024
Tether’s CEO, Paolo Ardoino, explained that the minting is a “USDT inventory replenish,” meaning the tokens are only authorized but not yet issued. Ardoino revealed that the tokens are added to Tether’s inventory for future issuance requests and chain swaps. According to the company’s CEO, the approach will help ensure sufficient supply for effective liquidity management, with tokens released into circulation once officially issued. Ardoino is confident that the more stablecoins become available, traders will have greater flexibility in the market, and it can enhance market stability and efficiency.
Data from on-chain analytics firm Arkham Intelligence previously revealed that Tether mints the USDT and sends it to its multisignature wallet, where the funds are transferred to its treasury. The data also disclosed that the transaction featured zero fees. The company’s strategic minting depicts its ongoing efforts to maintain a robust supply of USDT to meet market demands.
Research by Dr. Aman Saggu, together with Blockchain Research Lab, indicated that Tether’s continued issuance of USDT has a significant impact on the crypto ecosystem. The study evaluates and identifies every USDT minting and burning event on every blockchain ever used by Tether over the 2014 to 2021 period.
The research revealed that Bitcoin prices tend to rise shortly after Tether mints new USDT. The study highlighted that Bitcoin prices increased by approximately 0.4% after 5 minutes and 0.8% after 30 minutes following a $1 billion USDT minting event.
Saggu’s research suggested that investors view USDT minting as positive news due to its increased liquidity and demand signaled in the market. The study also confirmed that investors do not react similarly to USDT burning events.
However, the study confirmed that the market does not perceive a reduction in USDT supply as negative news. Instead, it highlighted that Bitcoin’s price response to USDT minting is more driven by the fear of missing out (FOMO) during periods of strong market sentiment and bullish conditions.
CCData reported that the stablecoin market has surged in the past month. Tether marked an increase in its market capitalization to $190 billion and $1.8 trillion in trading volumes. The firm revealed in a post that USDT’s market cap rose last month by 0.57% to mark its thirteenth consecutive month of growth.
Cryptocurrency traders and investors utilize stablecoin supply like Tether’s as a proxy to gauge market sentiment and investor interest. The rise in the level of newly minted stablecoins depicts bullish momentum, suggesting that traders are speculating on price movements. On the contrary, a reduction in supply would hint at lower interest and market activity.
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