Tether Mints $3B USDT in a Week, Abraxas Capital Takes 2.89B

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.