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## Tether Treasury Continues to Mint an Additional 1 Billion USDT on the Tron Network
### Expanding the Scale of Cryptocurrency Growth
According to in-depth sources, on June 22, Whale Alert detected Tether Treasury's cryptocurrency minting activity. This time, they created an additional 1 billion USDT, bringing the total amount of newly minted USDT for the day to 2 billion. This indicates the continuous expansion of the leading stablecoin in the market, especially on the Tron network, where transaction speed and scalability are superior. Analysts say that this activity is strategically significant in maintaining Tether's position in supplying stablecoins to support liquidity and on-chain activities.
### Analysis of Management and Strategy of Tether
Tether's CEO Paolo Ardoino confirmed that this additional minting is an approved transaction but has not yet been released. This reserve will be used for future issuance requests or on-chain cryptocurrency exchanges. This action not only helps Tether maintain its legal reserve status but also enhances the liquidity of the stablecoin on exchanges and DeFi platforms. The flexibility in Tether's cryptocurrency management is contributing to bolstering investor confidence amidst a highly volatile market.
### Impact on the Cryptocurrency Market
Tether's continued expansion of its cryptocurrency reserves reflects the stable demand and high credibility of this stablecoin within the blockchain ecosystem. The additional minting activities not only help maintain an appropriate supply but also positively impact the overall liquidity of the cryptocurrency market, as USDT accounts for a large proportion of stable trading pairs and in-situ. Investors and analysts often closely monitor these movements to shape long-term investment strategies in the rapidly developing cryptocurrency market.
Source: https://tintucbitcoin.com/tether-treasury-phat-hanh-them-1-ty-usdt/
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