Tether, the USDT stealcoin operator, has issued almost half a billion coins due to the growth of the bitcoin rate and increased activity of traders.
According to Whale Alert, a service for tracking crypt-currency transactions, Tether conducted two operations to issue 150 million and 300 million USDT, which were made on October 20 and 21, respectively. 185.9 million USDT were transferred from Tether's addresses to various wallets, and 126.9 million coins were sent to Binance exchange.
After the release of the new USDT, some users of the social network Twitter expressed suspicions about market manipulation. The first 150 million USDT was issued just hours before the announcement of PayPal and the subsequent rise in the bitcoin rate. However, the technical director of Tether, Paolo Ardoino, said that the new USDT were released for "replenishment.
Earlier, Tether transferred the USDT from Tron's block-office to Etherium's block-office. A total of 2 billion coins were exchanged in August and September. It should be reminded that USDT remains the largest stable cryptocurrency - coin capitalization is estimated at $16 billion, while the total capitalization of the steblcoin market recently exceeded $20 billion.