Highlights
Bitcoin price could soon hit fresh all-time highs as the largest stablecoin firm Tether, has mined $1 billion worth of USDT on the Tron blockchain network. Such a massive minting comes nearly three weeks after the last instance, and this massive liquidity pump could help BTC break free from the ongoing consolidation. Interestingly, this minting happens just ahead of the US CPI release this week, for the month of May.
As per the data from Arkham Intelligence, Tether has minted another $1 billion USDT on the Tron blockchain, marking its second significant issuance in less than a month. The latest mint follows a $2 billion USDT issuance on May 21, which coincided with a major market movement.
Notably, just a day after the previous mint, Bitcoin price surged past $111,000 to set a new all-time high. If history repeats once again, we could probably see BTC hitting new highs very soon. Interestingly, today’s massive minting comes just ahead of the US CPI inflation numbers for May, releasing this week ahead.
In 2025, Tether minted a net total of 16.7 billion USDT across the Tron and Ethereum networks. Historical trends, as illustrated in the chart below, suggest that Tether’s USDT minting often correlates with upward movements in BTC’s price.
There have been two previous instances where BTC has rallied after massive USDT minting. Between April 23 and May 7, Tether minted a total of 6 billion USDT, which coincided with Bitcoin price surging past $100,000 for the first time in three months. On May 15, Tether minted an additional 2 billion USDT, shortly after which BTC broke through the $105,000 mark.
Over the past two weeks, Bitcoin has been consolidating around $105,000 with no major catalyst in sight. Today’s USDT minting on Tron could serve as a massive liquidity boost, driving Bitcoin and the overall market higher.
As of press time, BTC price is trading 1.53% up at $106,750 level with daily trading volumes surging 18% to more than $41 billion. Besides, the open interest is also up 3% to $73.5 billion, showing growing optimism among traders.
In a message on the X platform, Strategy executive chairman Michael Saylor has already hinted at a fresh Bitcoin purchase announcement coming on Monday. The probable announcement could lead to activating the BTC bulls once again, driving BTC price higher.
As of now, the Bitcoin dominance is forming a base at 64%. Popular market analyst Rekt Capital expects the BTC dominance to climb further to 71% before the capital rotation begins into altcoins.
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