Approximately three hours ago, the Tether Treasury minted 1 billion USDT on the Ethereum network. This minting activity comes just before the highly anticipated Federal Reserve interest rate cut, scheduled for September 17-18. Over the past year, the Tether Treasury has issued a staggering 35 billion USDT, playing a key role in Bitcoin’s price surge from $26.6K to over $73K in March. Historically, large USDT mintings have been linked to Bitcoin price increases or periods of price stabilization. The #TetherTreasury minted 1B $USDT on #Ethereum ~3 hours ago. Notably, this minting comes just ahead of the expected interest rate cut
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