Tether Treasury has just issued an additional 1 billion new USDT on the Ethereum network.
This information was recorded by the Whale Alert system on July 4, indicating that large Stablecoin Token issuance activity on the Ethereum Blockchain occurred just a few hours ago.
MAIN CONTENT
Tether Treasury issued 1 billion USDT on the Ethereum network.
The event was monitored and confirmed by Whale Alert.
The new issuance occurred about 5 hours ago according to Vietnam time.
How much new USDT has Tether Treasury issued on the Ethereum network?
According to the cryptocurrency transaction monitoring system Whale Alert, Tether Treasury issued 1 billion new USDT on the Ethereum Blockchain in a single event.
This issuance activity was recorded on July 4, increasing the USDT supply on the Ethereum network to meet the liquidity needs of the global cryptocurrency market.
How is the timing of new USDT issuance confirmed?
Whale Alert, a platform for monitoring whales and large transactions on the Blockchain, demonstrates the transparency of USDT issuance through real-time data.
Tether continues to maintain liquidity reliability for the cryptocurrency ecosystem, ensuring a stable and flexible supply for the global market.
Nguyễn Đức Hùng, CEO Blockchain Solutions Vietnam, 2024
The issuance time is accurately recorded as approximately 5 hours before this article was published, corresponding to Vietnam time, reflecting the rapid update speed in the cryptocurrency industry.
Why is the additional issuance of USDT important for the cryptocurrency market?
Issuing additional Stablecoin Tokens like USDT helps maintain liquidity for cryptocurrency transactions, especially on major exchanges and DeFi applications.
According to Tether Treasury's report in 2023, the circulating supply of USDT is rapidly increasing to meet liquidity and transaction demand. This data also reflects the growing reliance on Stablecoins in the current cryptocurrency ecosystem.
Real-life examples of the impact of new USDT issuance
Previously, when Tether issued 800 million USDT in Q1 2024, the market reacted positively to the increase in liquidity, helping to minimize price volatility on major cryptocurrencies like Bitcoin and Ethereum.
Financial analysts believe that the newly issued USDT could support liquidity for spot market and futures market transactions, contributing to maintaining supply-demand balance in the market.
Quick comparison table of recent large USDT issuances
Time Amount of USDT Issued Blockchain Network Key Market Impact Q1 2024 800 million USDT Ethereum Increased liquidity, reduced price volatility July 4, 2024 1 billion USDT Ethereum Strengthened liquidity, supported DeFi transactions
Frequently Asked Questions
How does the issuance of new USDT affect cryptocurrency market prices? Additional USDT issuance often increases liquidity, helping to stabilize price volatility in markets like Bitcoin and Ethereum. Who verifies the USDT issuance data? The information is confirmed through the Whale Alert system – a reputable Blockchain transaction monitoring platform. Which Blockchain network is the USDT issued on? The latest issuance took place on the Ethereum network, a popular Blockchain platform for Stablecoins and DeFi. What is Tether's purpose for issuing USDT? The main purpose is to increase liquidity in the cryptocurrency market and meet user transaction demands. When did the 1 billion USDT issuance occur? The event took place approximately 5 hours ago on July 4, 2024, Vietnam time.
Source: https://tintucbitcoin.com/usdt-phat-hanh-1-ty-token-ethereum/
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