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Tether, Circle Boost Market with $2.8 Billion in New Stablecoin Tokens - Blockonomi
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Tether, Circle Boost Market with $2.8 Billion in New Stablecoin Tokens - Blockonomi
TLDR Tether and Circle have minted nearly $3 billion in stablecoins in just 24 hours, raising concerns within the crypto community. Tether’s recent aggressive minting spree aims to boost its market valuation but has not been justified by a rise in transaction volumes. Circle’s participation in the minting spree mirrors Tether’s actions but remains less transparent regarding its intentions. Both companies are under increasing scrutiny due to the…
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