CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Coin Edition 2024-11-30 08:30:00

Tether Mints $1 Billion USDT on Tron to Meet Market Demand

Tether mints $33B USDT in a year, with Tron leading issuance at 19B tokens. Tron dominates the stablecoin market, holding 37.9% share and $61B in assets. USDT mints ensure liquidity, reflecting rising demand in DeFi and crypto trading. Tether continued its aggressive stablecoin expansion, minting $1 billion USDT on the Tron blockchain just weeks after a similar Ethereum issuance. This latest issuance caps a record-breaking month for Tether, with $16 billion USDT minted in August alone. This brings the annual total to an impressive $33 billion, highlighting the surging demand for stablecoins in DeFi and crypto trading. Tether minted another 1B $USDT ! #Tether has minted 14B $USDT since Nov 8! https://t.co/O3xDQf7ZwD pic.twitter.com/EsgCuskbSG — Lookonchain (@lookonchain) November 29, 2024 Tether Increases Supply to Meet Stablecoin Demand Tether transferred the $1 billion USDT minted on Tron to its treasury wallet, demonstrating its strategy of inventory replenishment. This approach ensures an adequate supply to meet issuance requests and support chain swaps. Tether’s strategy resembles that of traditional businesses, where inventory management ensu… The post Tether Mints $1 Billion USDT on Tron to Meet Market Demand appeared first on Coin Edition .

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约