Tether Hasn’t Printed New USDT in Weeks: 3 Possible Explanations

Tether Hasn’t Printed New USDT in Weeks: 3 Possible Explanations

The money printer has gone quiet.

The parabolic growth in the market cap of stablecoin giant tether (USDT) suddenly came to a grinding halt at the end of May, just as bitcoin’s price was coming off its all-time highs. With bitcoin trading in a range of roughly between $30,000 and $40,000 ever since, a new round of chatter has been circulating linking the two events and echoing an old conjecture: Did Tether stop pumping up the price of bitcoin?