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Tether Mints $8B USDT, Fuels Crypto Market Rally

5/8/2025

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Summary

Story summary

Tether minted $8 billion in USDT within eight days on Tron and Ethereum, positively influencing the crypto market.
USDT's circulation hit a record $149.4 billion, commanding 61% of the stablecoin market.
Tether's CEO hinted at an upcoming AI product, "Tether AI," aimed at boosting transaction volumes.
Bitcoin prices are around $94,500, with expectations of a market rally due to USDT's issuance.
The US Treasury Secretary urged the Federal Reserve to lower interest rates, which may affect crypto markets.

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Story summary

Tether minted $8 billion in USDT within eight days on Tron and Ethereum, positively influencing the crypto market.
USDT's circulation hit a record $149.4 billion, commanding 61% of the stablecoin market.
Tether's CEO hinted at an upcoming AI product, "Tether AI," aimed at boosting transaction volumes.
Bitcoin prices are around $94,500, with expectations of a market rally due to USDT's issuance.
The US Treasury Secretary urged the Federal Reserve to lower interest rates, which may affect crypto markets.