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[AudraMiller]

To a large extent most of the crypto investors look for whale alerts as it gives us an indication of the market moving forward, and how the price may change in the recent future, as whales contribute a large degree to the demand and supply of a coin. Tether is considered to be one of the most valuable and stable coins in the crypto market, and a few hours ago it was seen that Tether minted a lot of USDT to the amount totaling close to 150 million USDT, this is almost the same value in dollars given that USD and USDT are very similar in value with almost no distinguishable difference from a quick glance.

There are speculations that even believe that the growth in the Tether market could actually be one of the reasons for the increase in the price of bitcoin, however, how far this speculation is true I am not sure. Personally i think that it would take a lot more than just the Tether coin to cause the rapid surge in bitcoin that we have seen lately.

Anyway, what do you guys think about this recent minting in Tether? What do you think this means for the future of USDT?

 

[Niftyicon]

Tether is a stable coin almost to the value of dollar, so, I don't think there is any correlation between its huge minting and the bitcoin price.

 

[Brain]

It huge mining is just for the more supply of it I don't see the colleration with other crypto let alone bitcoin. But it isn't a bad idea as it is mined in high volume

 

[microunit]

tether USDT as a stable coin will always be at a dollar's value, it's literally like just a digital dollar made crypto, I don't think it has that much effects on the price of bitcoin

 

[sagefave]

Is the minting of 150 million usdt like a huge deal? And if the value of tether is tied to the dollar then I don't see how tether can influence the price of Bitcoin, what is the total supply of tether and what percentage does 150 million represent?

 

[Sincere66]

To a large extent most of the crypto investors look for whale alerts as it gives us an indication of the market moving forward, and how the price may change in the recent future, as whales contribute a large degree to the demand and supply of a coin. Tether is considered to be one of the most valuable and stable coins in the crypto market, and a few hours ago it was seen that Tether minted a lot of USDT to the amount totaling close to 150 million USDT, this is almost the same value in dollars given that USD and USDT are very similar in value with almost no distinguishable difference from a quick glance.

There are speculations that even believe that the growth in the Tether market could actually be one of the reasons for the increase in the price of bitcoin, however, how far this speculation is true I am not sure. Personally i think that it would take a lot more than just the Tether coin to cause the rapid surge in bitcoin that we have seen lately.

Anyway, what do you guys think about this recent minting in Tether? What do you think this means for the future of USDT?

One thing that makes me not investing Tether, is because of how stable it is. The price is same with u.s dollar, with no potential to rise more than that. But is still a promising coin after all, I have seen Lots of transaction circling around Tether. Making it one of the most tradable coins in the Cryptocurrency chain market.

 

[aryan4]

Can they print this coin as much as they want? What I want to learn is what they do and how they adjust the amount to print. Isn't there a limitation on printing?