Tether Mints Fresh $3B USDT as Genius Act Paves Way for RLUSD

Tether, the company behind the USDT stablecoin, has created 3 billion new USDT tokens. This fresh minting of USDT could be related to the launch of RLUSD, though the article does not explicitly state the connection. The creation of new USDT generally implies increased demand for the stablecoin, potentially driven by traders looking to buy other cryptocurrencies or use USDT in various decentralized finance applications.