Data: The USDT minting volume on Ethereum and Tron dropped from 7 billion dollars to 1 billion dollars within 6 months

ChainCatcher news, according to Bitcoinist, as of early July, the USDT minting activity on Ethereum and Tron has dropped from $700 million to $1 billion. The decline in USDT minting on Ethereum and Tron indicates a decreasing demand for cryptocurrencies. Typically, when there is a large amount of USDT being minted, the prices of Bitcoin and cryptocurrencies tend to rise.