The cryptocurrency market is witnessing a significant influx of liquidity following the minting of $1 billion USDT by Tether Treasury. This minting event brings Tether’s total issuance to an impressive 23 billion USDT over the past year, marking a substantial increase in market liquidity and investor confidence.
This fresh minting has led to a substantial transfer of USDT stablecoins to major centralized exchanges. In particular, Cumberland, a prominent trading firm, moved $183.2 million USDT immediately post-mint to various exchanges. Since August 5, Cumberland has injected $906.7 million USDT into exchanges such as Coinbase, Kraken, OKX, and Binance.
This latest minting follows similar large-scale issuances, including a $1 billion USDT mint in July and a $3 billion USDT mint in March, both of which influenced the price movements of Bitcoin and other cryptocurrencies.
Adding to the liquidity influx, Circle has also been actively minting USDC. Recently, $102,329,362 USDC was minted at the USDC Treasury on August 12, following a $250,000,000 USDC mint on August 8.
The combined $1.35 billion injection of USDT and USDC into the market is expected to significantly impact the overall market environment, particularly emerging projects like DigiHorse (DIGI).
DigiHorse (DIGI) Gains Traction Amid Market Activity
Amid these liquidity movements, DigiHorse (DIGI), an innovative platform offering AI-powered NFTs and blockchain-based racehorse gaming, has been gaining traction. With its unique offering and ongoing presale, DigiHorse has positioned itself as a promising alternative in the crypto space.
The presale, which offers 450,000,000 DIGI tokens, is projected to reach a value of $33.75 million as the token price rises from $0.003333 in Stage 1 to an anticipated $0.075 at listing. This significant potential return is drawing attention from investors looking for the next big opportunity in the crypto market.
DigiHorse’s play-to-earn model, coupled with evolving NFTs that adapt and grow, is generating excitement among investors and gaming enthusiasts alike. The platform’s innovative approach is setting it apart from other projects, making it a key player to watch as the market continues to evolve.
As the market adapts to the influx of liquidity, DigiHorse (DIGI) stands to benefit from the rising investor activity, solidifying its position as a promising alternative in the blockchain gaming space.
For more information and to participate in the DigiHorse (DIGI) presale, visit the official DigiHorse Empires website.
- Twitter: https://x.com/DHorseEmpires
- Telegram: https://t.me/DigiHorseEmpiresOfficial
- Website: https://digihorseempires.io
- Presale: Join Now
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