How USDT mints and burns move with Bitcoin price cycles

Over the past decade, issuance of Tether’s USDt (USDT) has consistently mirrored Bitcoin (BTC) price cycles, with mints often clustering around bull runs and burns following corrections. Data from Whale Alert shows the relation between USDT issuance and Bitcoin price movements by plotting Tether’s net minting and burning alongside the price of Bitcoin from 2015 to early 2025.  While many in the industry have long speculated about the correlation between USDT supply and BTC performance, this data set provides a clearer timeline for evaluating that relationship. Tether’s USDT, the world’s largest stablecoin with over $144 billion in market capitalization, has become a key liquidity vehicle in crypto markets and is often viewed as a proxy for broader capital inflows source: https://cointelegraph.com/news/usdt-mints-bitcoin-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound