Tether (USDT) Market Release Pushes Bitcoin (BTC) Above $6,300

The Tether (USDT) asset made a significant impact on the market yesterday, as 90 million USDT were introduced. This influx was not due to new printing but rather a transfer of funds from Tether’s treasury. Earlier on Tuesday, Tether distributed 50 million tokens, followed by an additional 40 million tokens a few hours later.

As a result of these transactions, the treasury decreased to approximately 435 million USDT, which remains a substantial amount. The recent fund injections have helped to stabilize the market, contributing to a recovery in Bitcoin (BTC) and other cryptocurrencies.

Trading activity has been influenced by these developments…