The 300 Million of USDT transaction arrived at a time when Bitcoin (BTC) was once again plunged below $9,600, and the initial minting looks like a probable attempt to recover the market.

A few moments later, the same amount of USDT was burned on the TRON network, which diminished the supply of Tether.

This transaction as a chain swap of 300M USDT from Tron to Ethereum.