Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

Quick Summary:

The company’s latest replenishment order has sparked speculation of increasing demand and a potential price surge.💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (999,750,000 USD) minted at Tether Treasury — Whale Alert (@whale_alert) October 29, 2024 Tether CEO Confirms New Mint, Saying It’s ‘Authorized But Not Issued’ Paolo Ardoino, Tether’s CEO, has confirmed this latest mint order, saying that the transaction was "authorized but not issued.” In blockchain parlance, the newly minted USDT tokens on the Tron network are not yet circulating but are still part of the company’s inventory.

It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year.

USDT: Issuance At Tron Reaches $20 Billion Tether is experiencing a surge in demand, reflected in the number of tokens minted on the Tron network last year.

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Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Tether Stablecoin Crypto Bicoin Cryptocurrency Market News USDT

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Published On: 2024-10-31 @ 09:00:25 (11 hours ago)

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Language: English

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