USDT Stablecoin Issuer Tether Mints $1 Billion USDT on Tron

Quick Summary:

Arkham Intelligence, a onchain analytics business, said that Tether minted $1 billion worth of USDT stablecoins on the Tron network without paying any fees for the massive transaction.

Stablecoin companies have found the blockchain ecosystem appealing.

The rival layer-1 blockchain has about the same amount of USDT circulating.

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Article Details

Author / Journalist: Nayazunissa

Category: Crypto

Markets: United Arab Emirates

Topics: Market News Tether USDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 19:00:08 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 320 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23631143

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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