Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation

Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation Josiah Wilmoth 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. USDT, which is pegged to USD at a 1-to-1 ratio, serves The post Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation appeared first on CCN cryptocoinsnews