The last time Tether minted such a massive volume of stablecoin was in September, suggesting that this latest development is driven by rising interest among market participants.
Meanwhile, Tether’s closest competitor, Circle, has also been minting USDC, though in smaller increments. Data from market tracker Whale Alert reveals that since October 29, Circle has minted $250 million in USDC across five transactions, following Tether’s $1 billion issuance.
On Tuesday, Tether, the largest stablecoin issuer, minted 1 billion USDT in one transaction, closely aligning with Bitcoin’s rise toward its all-time high of $73,750. The Tether Treasury created the $1 billion USDT supply to replenish its inventory for future issuance and chain swaps.
Notably, just before Tether’s transaction, Circle minted approximately $170 million in USDC. Altogether, about $1.42 billion in stablecoins has entered the crypto market over the past three days.
What’s Next for Shiba Inu, ADA, MTAUR, and XRP
This fresh massive USDT and USDC minting has sparked optimism within the crypto community, as stablecoin issuance often correlates with improved buying power. Many market participants interpret the minting as a potential signal for an upsurge across Bitcoin and altcoins.
Historically, stablecoin issuance has coincided with bullish cycles, signaling demand for stable assets and potential buying interest in crypto markets. For instance, a $3 billion USDT issuance in the first week of March this year coincided with historic price surges for Shiba Inu (SHIB), Cardano (ADA), and XRP.
Specifically, Shiba Inu reclaimed a three-year high of $0.00004524 in March amid the bull frenzy, reflected by the continuous issuance of stablecoins. Likewise, ADA and XRP set fresh yearly peaks during this period, with ADA reaching $0.801 and XRP attaining $0.742 by mid-March.
However, SHIB, ADA, and XRP have since lost all these achievements. While the ongoing minting of stablecoins by Tether and USDC suggests a potential rebound, these assets have yet to show significant performance. As a result, attention is shifting to more promising emerging contenders in the market, such as Minotaurus (MTAUR).
Minotaurus (MTAUR): Poised for 235% Surge?
Minotaurus (MTAUR) is a blockchain-based gaming project captivating casual and blockchain gamers with its engaging maze navigation gameplay. Players compete against in-game crypto creatures to collect treasures and obtain in-game currency.
With intuitive mechanics and blockchain integration, Minotaurus offers a seamless experience for players looking to enjoy gameplay alongside blockchain features.
In its presale phase, MTAUR is priced at 0.00005975 USDT, a 70% steal from its planned listing price of 0.0002 USDT. MTAUR’s expected listing value of 0.0002 USDT would amount to a substantial 235% upside for early presale participants.
As the game prepares for its official release, MTAUR is well-positioned to benefit from the growing interest in the crypto market, as evidenced by consistent stablecoin minting. Integrating in-game mechanics with blockchain utility makes Minotaurus a compelling project in this ongoing bull run, where narratives consistently favor newcomers over established projects.
In the current market, older tokens like Cardano and XRP are struggling to sustain an uptrend, even as Bitcoin neared its all-time high of $73,000; these assets are currently selling about 80% below their own peaks.
Meanwhile, new crypto assets like Minotaurus (MTAUR) continue to attract market attention, and its case is even more compelling given its utility and potential in the $19 billion casual gaming market.
For more information on Minotaurus (MTAUR) and to participate in its presale, visit:
Source: https://bravenewcoin.com/insights/fresh-1-42-billion-in-usdt-and-usdc-mints-hit-crypto-market-whats-next-for-shiba-inu-ada-mtaur-and-xrp