• bitcoinBitcoin (BTC) $ 101,859.00
  • ethereumEthereum (ETH) $ 3,421.19
  • tetherTether (USDT) $ 0.999756
  • xrpXRP (XRP) $ 2.39
  • bnbBNB (BNB) $ 955.42
  • solanaWrapped SOL (SOL) $ 154.02
  • usd-coinUSDC (USDC) $ 0.999791
  • staked-etherLido Staked Ether (STETH) $ 3,418.83
  • tronTRON (TRX) $ 0.295688
  • dogecoinDogecoin (DOGE) $ 0.170582

Tether Profits Topped $10B in First Nine Months of Year; Starts Share Buyback Program

The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to U.S. Treasuries.

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💡 DMK Insight

Tether’s $17 billion surge in USDT circulation is a big deal for traders right now. This growth signals increased demand for stablecoins, which often precedes significant market movements. With Tether’s exposure to U.S. Treasuries hitting $135 billion, it suggests a strong liquidity position that could influence crypto market stability. Traders should watch for how this influx affects Bitcoin and Ethereum, as stablecoin growth often correlates with bullish sentiment in these assets. However, there’s a flip side: if this growth is driven by speculative trading rather than genuine demand, we could see a rapid reversal. Keep an eye on the daily trading volumes and sentiment indicators to gauge whether this is sustainable or just a short-term spike. The key levels to monitor are $1 for USDT stability and the performance of BTC and ETH in response to this liquidity influx.

📮 Takeaway

Watch for USDT’s stability around $1 and monitor BTC and ETH for potential bullish moves driven by this liquidity increase.

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