Tether is DEFINITELY a sketchy organization. I would never consider using their service. There are far better USD stablecoins out there, and there is USD itself :D
That being said, when Crypto prices spike, and more fiat flows into crypto markets... it is generally normal to see tether mint USDT like this. Because a percentage of new fiat coming into crypto is going into the tether stablecoin.
Anyhow, I don't think there is anything special going on with THIS mint... but trust me, I KNOW that tether is going to fall, hard and fast, one day. Their FTX moment is coming... for sure.
Tether is DEFINITELY a sketchy organization. I would never consider using their service. There are far better USD stablecoins out there, and there is USD itself :D
That being said, when Crypto prices spike, and more fiat flows into crypto markets... it is generally normal to see tether mint USDT like this. Because a percentage of new fiat coming into crypto is going into the tether stablecoin.
Anyhow, I don't think there is anything special going on with THIS mint... but trust me, I KNOW that tether is going to fall, hard and fast, one day. Their FTX moment is coming... for sure.