Tether News Today – Bitcoin (BTC) just crashed below its major support level. Tether Treasury just minted a huge amount of USDT tokens as Bitcoin (BTC) price continues to head south. According to Whale Alert, Tether moved 30 million USDT to Bitfinex from its treasury. A few days ago, there was a report that the stablecoin operator minted 15 million USDT tokens. However, the Chief Technology Officer of the Tether and Bitfinex came out to clarify that it was a chain swap from ERC-20 to Tron.

Tether Mints 30,000,000 USDT Tokens amidst Bitcoin Price Plunge

A few hours ago, a report by Whale Alert revealed that 30 million USDT tokens were moved to Bitcoin (BTC) from Tether Treasury. The firm moved the USDT tokens shortly after the price of the leading the digital currency in the world plunged below the $7,500 mark. At the press time, Bitcoin is trading slightly below the $7,500 mark.

Tether (USDT) Price Today – USDT / USD

Name	Price
Bitcoin	$7,459.28	0.475%
Tether	$1.000	0.248%

Nevertheless, the CTO of Tether and Bitfinex – Paolo Ardonio – has come out to claim again that it was a chain swap from ERC20 to Tron.

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