According to @paoloardoino, he posted "170B USDt" on X on Sep 12, 2025, highlighting a 170 billion figure tied to USDT. Source: Paolo Ardoino on X, Sep 12, 2025. Given that Ardoino is the CEO of Tether, issuer of USDT, and USDT is the dominant quote asset by spot volume on centralized exchanges, traders often treat such USDT updates as liquidity signals for BTC and ETH markets. Source: Tether corporate site (Leadership); Kaiko Research 2024 market structure and liquidity reports.