Crypto

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

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. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the company’s treasury wallet. Related Reading: On The Verge Of History: Bitcoin Breaks $73,000 Barrier, Eyes New Record High – Details Whale Alert also confirmed the latest transaction last Tuesday at around 20:43 (UTC). The company’s latest replenishment order has sparked speculation of increasing demand and a potential price surge.

Oct 31, 2024 - 13:00
 1
Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

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. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the company’s treasury wallet.

Whale Alert also confirmed the latest transaction last Tuesday at around 20:43 (UTC). The company’s latest replenishment order has sparked speculation of increasing demand and a potential price surge.

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