Tether Mints Another 1,000,000,000 USDT As Bitcoin Reclaims $94,000

Tether has continued to mint more of its stablecoin USDT, a sign that there is a growing demand for BTC and other altcoins as market sentiment shifts

Whale Alert, the blockchain platform that monitors crypto market trends and large transactions, has spotted a large mint of USDT, Tether’s popular stablecoin. According to the data from the analytics tracker, 1 billion USDT were minted in the early hours of April 28, 2025.

Minting and Transfer of USDT

Tether Treasury minted 1,000,000,000 USDT. At press time, 150 million USDT was transferred from the treasury to Kraken, a top cryptocurrency exchange. This is likely a portion of the newly minted USDT. Notably, another transaction was made from Kraken to Aave within 10 minutes of the first transaction from Tether Treasury. 

150,059,103 USDT left Kraken for Aave, triggering speculations among crypto enthusiasts. Such massive USDT minting and transfers are crucial to adding fresh liquidity to the market, a move that could contribute to a rally in Bitcoin (BTC) price. Historically, the availability of such significant liquidity from stablecoins has fueled the demand in the crypto market. 

Investors are more inclined to invest in BTC and other top crypto assets, using minted USDT. So far, BTC’s price has recovered slightly, recouping some of the gains it lost a few weeks ago to the broader crypto market dip. CoinMarketCap data shows that BTC trades at $94,829.87, up 1.82% per CoinMarketCap data. 

Bitcoin Price May Rebound Further

Judging by Bitcoin’s outlook a few weeks ago, the current price level is a laudable increase. The flagship cryptocurrency is still far from its All-Time High (ATH) of over $109,000, but there is potential for the coin to surpass this level. Several events and market sentiment could catalyze a BTC price surge in the new week.

On April 28, on-chain data showed that a crypto whale accumulated BTC and Ethereum simultaneously. Precisely, the tracker identified a purchase of approximately $56 million worth of BTC and $54 million worth of ETH by an OTC exchange intraday. On this basis, traders and investors are eyeing sustained price gains.

Michael Saylor’s Strategy has also continued its Bitcoin buying spree. Earlier on April 28, the firm announced the acquisition of 15,355 BTC units for $1.42 billion.

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