At the time of writing, has broken the $100,000 mark, trading at $101,850. This surge follows a slight decline below the milestone, which was caused by heightened geopolitical tensions between the United States and Iran.
As the broader cryptocurrency market stabilizes, Tether’s renewed minting is drawing attention. Traders often associate large USDT issuance with increased fiat inflow into crypto, especially when stablecoins are later moved to exchanges like Bitfinex, which has ties to Tether.
Although the 2 billion USDT are not in circulation, they contribute to the rising reserve that could support market liquidity over the next few weeks. This trend has been a precursor to large Bitcoin rallies, especially when institutional enthusiasm is peaking.
Approximately $1 billion worth of liquidations occurred during the market downturn, and the recent rally shows confidence. Multiple analysts suggest that stablecoin reserves can be an essential indicator of predicting short-term market movement, and Tether could contribute to that.
