Tether has minted an additional $3 billion in USDt stablecoins on November 23, 2024, amidst a surge in trading volume in the cryptocurrency markets, particularly with Bitcoin nearing the $100,000 mark. The minting involved $2 billion USDt on the Ethereum blockchain and $1 billion on Tron. Since November 8, Tether has issued approximately $13 billion USDt. Tether's CEO, Paolo Ardoino, expressed the need for 'hyper-productivity' in 2025 to fulfill their objectives. The increase in stablecoin volume often indicates rising interest in the crypto markets, serving as a fiat on-ramp for purchasing cryptocurrencies and an off-ramp for cashing out. Recent events, including the recent elections, have influenced Bitcoin's price surge from $69,000 to over $99,000 in a matter of weeks, prompting increased demand for stablecoins like Tether's USDt. Adam Back, a notable developer, suggested that a Bitcoin strategic reserve could initiate a digital arms race among nations, highlighting the active engagement and interest in Bitcoin within political frameworks.

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