Tether Mints $1 Billion USDT on Tron — Is This An Uber-Bullish Signal for TRX?

Cryptocurrency prices bounced this week after much weekend and Monday volatility. Bitcoin gained 3.6% to trade at $60,461 at the time of writing, while Ether bounced to trade at around $2,600.

The gains come after USDT stablecoin issuer Tether minted 1 billion tokens on the Tron blockchain. Tether’s minting history has often been seen as bullish for the crypto industry, as these events usually precede market gains.

Crypto trader @Ali_Charts on X noted that Tether was “like the Federal Reserve of crypto.” He noted that the markets tend to gain each time USDT is minted, which was the reaction seen on Monday.

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