Hot news about cryptocurrency: Tether Treasury creates 1 billion USDT on the Tron network
Tether expands reserves through large minting activity
On June 22, Whale Alert recorded significant activity from Tether Treasury. They created 1 billion new USDT on-chain on the Tron block. This is a strategic move to enhance the reserves and liquidity of the leading stablecoin. Typically, this large minting activity will help Tether maintain a strong position in the cryptocurrency market, especially in large-scale transactions and strategic customer groups.
Commitment to transparency from the CEO of Tether
Tether's CEO Paolo Ardoino confirmed that this amount of USDT is an authorized transaction but has not been officially issued. Instead of releasing it to the market immediately, this amount of USDT will be reserved to meet future issuance requests and on-chain exchange activities. This helps ensure a stable cryptocurrency supply, minimizing potential short-term price volatility.
The impact of large minting activity on the cryptocurrency market
Tether's creation of 1 billion USDT not only reflects the issuer's thorough preparation but also sends a positive signal about their ability to control supply. Investors and traders can be more assured of the high liquidity of USDT in the Tron ecosystem. At the same time, this activity demonstrates flexibility and readiness for future issuances, contributing to maintaining Tether's position in the global cryptocurrency industry.
Source: https://tintucbitcoin.com/tether-phat-hanh-1-ty-usdt-tren-tron-2/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
