- Tether injected $2 billion USDT into the crypto market within 24 hours.
- The development has sparked significant interest from community members.
- An analyst argues altcoins are set for an all-time high rally amid this event.
Prominent USDT stablecoin issuer Tether has continued to mint staggering billion-dollar sums recently, sparking more bullish enthusiasm in the crypto space. On Saturday, Whale Alert disclosed that 1,000,000,000 USDT had been minted at Tether Treasury. Within three minutes of the update, Whale Alert proclaimed another $1 billion USDT minting from Tether.
1,000,000,000 #USDT (999,020,000 USD) minted at Tether Treasuryhttps://t.co/sGbgwYu7E4— Whale Alert (@whale_alert) March 9, 2024
Cumulatively, $2 billion has been injected into the crypto market within 24 hours. The development has sparked significant interest from community members, as both tweets have been viewed more than one million times.
As the comment section demonstrates, the prevailing sentiment is bullish. Market participants anticipate more significant gains for Bitcoin and the broader crypto market amid the $2 billion injection.
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