๐จ Tether's Recent Activities ๐จ
Tether, the world's largest stablecoin issuer, has minted over $3 billion in USDT in the last 24 hours! This brings their total minting to $13 billion since early November ๐ฐ
According to LookOnChain, this recent minting consisted of two transactions: $2 billion and $1 billion, both sent to the company's treasury wallet. Major minting events this month include $9 billion on November 8 and $2 billion on November 21 and 23 combined ๐
This minting surge signals positive market sentiment, as increased stablecoin demand often indicates bullish trends ๐
In other exciting news, Tether has partnered with the UAE government to launch a new dirham-pegged stablecoin, fully backed by the UAE's reserves. This initiative aims to position the UAE as a key global economic hub ๐
Additionally, Tether has collaborated with Quantoz Payment to introduce EURQ and USDQ stablecoins ๐
Tether's investment arm also took a bold step by funding a $45 million physical crude oil trade, facilitating the transfer of 670,000 barrels from the Middle East ๐ข๏ธ
Stay tuned for more updates as Tether continues to innovate in the crypto space! ๐ก