Recently, the Crypto Assets industry has received significant news. According to reports, Tether implemented an unprecedented USDT issuance in July 2025, totaling up to $6 billion. This move not only set a new record for a single USDT issuance but is also seen by the market as an important signal that the Crypto Assets sector may welcome a new round of capital inflows.

USDT, as the main stablecoin in the digital asset market, often reflects the market's demand for liquidity through changes in its supply. The recent large-scale issuance highlights the urgent demand for market liquidity from large exchanges, institutional investors, and individual investors. This demand may stem from expectations of an upcoming market upcycle or a desire to seek safer asset allocations during periods of market volatility.

Although Tether has reiterated that every new USDT issued is backed by corresponding assets, doubts about its asset reserves have never ceased in the market. In particular, there are still controversies regarding transparency and the actual availability of funds.

Such a large-scale injection of funds will undoubtedly have a significant impact on the market. Some believe that this could push the market towards a more prosperous phase; however, there are concerns that this may exacerbate speculative sentiment in the market, and could even trigger violent fluctuations in the short term. Historical experience shows that large-scale issuance of USDT often leads to fierce battles between bulls and bears.

In the face of this significant market event, investors see both potential opportunities and the risks that come with them. At this critical moment, maintaining rationality and vigilance, along with conducting thorough market analysis and risk management, will be a wise course of action to respond to future market changes.