Is Tether's $1B Ethereum mint early signal for stronger Q2 activity?

Tether’s $1 billion USDT mint on Ethereum materially shifts stablecoin liquidity back toward ETH, tightening the near-even USDT split (Ethereum 44.34% vs Tron 45.57%). That inflow accompanies strong on-chain activity—Ethereum logged over 200 million transactions in Q1 and March alone drove ~35% of that volume—translating into technical/relative strength: ETH returned 6.97% in March and the ETH/BTC ratio closed the month up 5.15%. The move increases Ethereum’s settlement-layer role for DeFi and broader flows, and could fuel further ETH outperformance vs. Bitcoin in Q2 if stablecoin inflows persist.