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Tether (USDT) Minted 1.7 billion coins in 2019, Boosting Bitcoin (BTC)

© Reuters.   Tether (USDT) Minted 1.7 billion coins in 2019, Boosting Bitcoin (BTC)
© Reuters. Tether (USDT) Minted 1.7 billion coins in 2019, Boosting Bitcoin (BTC)

In 2019, the gains in (BTC) may have received a boost from a series of injections of Tether (USDT) on the open market. For the three quarters of 2019 completed so far, Tether has minted 1.5 billion coins, while migrating some of the coins from the Omni layer into the network.

Analysts have once again noted there are links between the price of BTC and the increased supply of stablecoins.

https://twitter.com/thetokenanalyst/status/1179721098239397889

The analysis noted that the minting of ERC-20 USDT has had a larger impa…

This article appeared first on Cryptovest

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Source: investing.com
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