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Tether’s $6B Boost Fuels Crypto Rally and Altcoin Momentum
By: cryptofrontnews|2025/05/14 04:45:06
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Tether injects $6B in USDT, fueling a crypto market rally as Bitcoin climbs to $90K and altcoins gain fresh momentum.Bitcoin has risen 350% since 2022 as Tether’s growing stablecoin supply correlates with bullish market sentiment and altcoin rotation.Tether expands gold-backed XAUT to Thailand, diversifying its offerings while supporting demand for asset-backed digital assets.As per analyst Axel's analysis, In the past 20 days, $6 billion of new USDT has entered the crypto market. Bitcoin has surpassed $90,000, a 350% increase since October 2022. Tether's market capitalization now stands at $150 billion. Bitcoin dominance fell while Ethereum and altcoins gained momentum. Moreover, Tether's expansion in Thailand with its gold-backed token signals further diversification.Bitcoin Rallies While USDT Supply SurgesBitcoin's price action from 2022 up until April 2025 involves high volatility with an overall uptrend in the long term. Bitcoin moved upward fluctuating between $15,000 to $25,000 early in 2023. December 2022 and September 2023 pullbacks temporarily halted momentum. Bitcoin went on a sharp rise in October 2023, breaking over $30,000 and continuing to break through resistance levels.Source: AxelBy the start of 2024, its value hit $45,000 and crossed further. In Q2 2024, Bitcoin reached $70,000. Later in late 2024, it crossed new all-time highs of well over $100,000. Most recently in April 2025, Bitcoin was fluctuating around $90,000. This trend goes to prove increasing investor optimism within periodic corrections.Besides, the correlation between Bitcoin’s price and USDT market cap growth became stronger in late 2023. The purple-dotted line tracking USDT market cap shows a consistent rise from $70 billion to $150 billion. Additionally, green and red shaded areas highlight 30-day market cap changes, with strong growth phases in early and late 2024.Tether Expands with Gold-Backed TokenTether’s influence isn’t limited to USDT. The company is now expanding its gold-backed token, XAUT, into Southeast Asia. Tether Gold recently listed on Thailand’s Maxbit exchange, launched via a joint venture with PTG Energy. Consequently, this marks a strategic step into regulated markets.Per Tether’s attestation, it holds over 246,000 ounces of physical gold in Swiss vaults. XAUT trades near $3,300, with a recent peak of $3,423. Its market cap now exceeds $770 million. Moreover, Tether introduced USDT in mid-2024. This over-collateralized token tracks the U.S. dollar but is backed by gold instead of fiat.The post Tether’s $6B Boost Fuels Crypto Rally and Altcoin Momentum appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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