The USDT market increased by $ 250 million

Today, June 25, Tether has launched an additional 250 million tokens of US dollars USDT. The corresponding entry appeared in the browser Omni Explorer.
https://omniexplorer.info/address/3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

You can also notice that the previous "quantitative easing" of the USDT tokens took place just over a month ago, on May 18. If you look at the BTC / USD chart, you can find out that right after the additional Tether issue, the bitcoin rate showed a short growth, followed by a rather strong fall.

Currently, there is a similar picture: after a downward trend, which followed a flat, a fairly sharp price jump took place, accompanied by an increase in trading volumes.

According to the author of the Litecoin crypto currency Charlie Lee, the sudden rise in the price of bitcoin is often preceded by the release of the USDT token on the market.

"It's like giving $ 250 million to exchanges," Lee said.

He also notes that additional Tether coins are used to purchase crypto currency, which, in turn, revitalizes the market.

However, he notes, this does not mean that $ 250 million will be spent overnight.