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The Stablescoin market is in the spotlight as Tether hits $1 billion USDT, injecting liquidity amid market uncertainty. Stablecoins like Tether and Circle are influential in shaping market dynamics. Tether’s mints often coincide with market fluctuations, impacting traders’ sentiment. This $1 billion injection may trigger volatility. Tether and Circle added $12.75 billion in stablecoins recently, highlighting their role in the crypto ecosystem. However, risks persist due to economic uncertainty. USDT’s dominance has dropped, signaling a shift towards risk assets like Bitcoin and Altcoins.
Tether and Circle Inject $ 12.75 billion on the market in 30 days – Details
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