Tether issued $3 billion in USDT over the past seven days, continuing a pattern of large-scale minting activity that typically signals rising demand for dollar-pegged liquidity across crypto markets.
Of that total, $2.89 billion was transferred directly from Tether Treasury to Abraxas Capital, a London-based trading and asset management firm. The concentration of the issuance to a single counterparty points to institutional-scale positioning rather than broad retail demand.
Large USDT mints are often interpreted as a precursor to buying pressure, as fresh stablecoins are frequently deployed into spot or derivatives markets shortly after issuance.
Original content
Tether minted 3B $USDT over the past week.
Abraxas Capital received 2.89B $USDT from Tether Treasury over the past week.
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