Cryptocurrency startup Tether issued $250 million in new tokens on Monday, sparking speculation that a bitcoin price rally could be inbound.
Blockchain data indicates that Tether, the creator of cryptocurrency “stablecoin” USDT (colloquially called tether), issued 250 million new tokens this morning, June 25.
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https://www.ccn.com/bitcoin-price-eyes-comeback-as-250-million-new-tethers-enter-circulation/