Source: https://cointelegraph.com/news/usdt-mints-bitcoin-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The correlation between Tether's USDT issuance and Bitcoin's price movements has been a topic of speculation for years in the crypto industry. Data from Whale Alert has shed light on this relationship by showing how Tether's net minting and burning patterns align with the ebbs and flows of Bitcoin's price cycles.

Tether's USDT, the largest stablecoin globally with a market capitalization exceeding $144 billion, plays a crucial role as a liquidity vehicle within crypto markets. It is often seen as an indicator of broader capital inflows. The data from Whale Alert underscores how closely Tether's issuance patterns follow Bitcoin's price cycles, though the causality behind this correlation remains a topic of debate.

According to crypto analyst Mads Eberhardt,