Recent data from Whale Alert reveals the minting of a significant volume of the stablecoin USDT by Tether. This event comes amidst the anticipation of an upcoming FOMC meeting.
Creation of New USDT
Tether has minted 1 billion USDT on the Ethereum platform, which was recorded approximately half an hour ago. This addition confirms the increasing circulation of this stablecoin in the crypto ecosystem.
Transfer to Bitfinex
Shortly after the creation of the stablecoin, Tether transferred 225,364,963 USDT to the Bitfinex exchange, which is affiliated with Tether. This event occurred against the backdrop of an important FOMC meeting expected later today.
Expectations for the FOMC Meeting
Analysts predict that the Federal Reserve is likely to keep interest rates unchanged during the upcoming FOMC meeting. Economic data appears solid; however, forecasts remain uncertain due to trade tariffs and the unstable military situation in the Middle East.
The minting of one billion USDT and its transfer to Bitfinex highlight Tether's active role in current market conditions. Investors are also focused on the forthcoming FOMC meeting.
