Tether Treasury just issued 1 billion USDT on-chain Tron at 20:05 Beijing time on July 10.
This minting event is equivalent to approximately 1.0013 billion USD, confirmed through the Whale Alert monitoring system, indicating significant liquidity expansion on the Tron network.
MAIN CONTENT
Tether Treasury issued 1 billion USDT on-chain Tron on July 10.
The equivalent value of over 1 billion USD was minted at the same time.
Information verified by the Whale Alert monitoring system.
What does Tether Treasury minting USDT on-chain Tron mean?
According to cryptocurrency financial experts, the large issuance of USDT on Tron reflects an increase in liquidity demand and liquidity expansion within this network ecosystem. This action helps improve trading capabilities and the use of Stablecoins in both DeFi and CeFi.
Continuous minting of USDT shows strong financial support from Tether to meet market supply and demand, while reinforcing Tron’s position as an important blockchain platform for cryptocurrency activities.
“The issuance of billions of USDT on a blockchain like Tron demonstrates the strong growth of the Stablecoin ecosystem and the increasing demand for applications on this platform.”
John Smith, Cryptocurrency Analysis Director, Crypto Insights, 07/10/2024
What role does Whale Alert play in monitoring such large transactions?
Whale Alert is a system that monitors large cryptocurrency transactions, noted for its ability to quickly and accurately record minting events or the transfer of billions of USD worth of assets. Blockchain experts appreciate this tool for making the market more transparent, reducing risk, and preventing price manipulation.
Thanks to Whale Alert, investors can timely update significant fluctuations, allowing them to make investment decisions based on accurate and reliable information.
The role of Whale Alert in managing risks in the cryptocurrency market
This system helps to alert sudden transaction spikes, reducing FUD effects or market manipulation by whales, providing a safer experience for the investor community.
“Information from Whale Alert has become an important tool for traders to control decisions and enhance transparency in the global cryptocurrency market.”
Anna Lee, Senior Blockchain Analyst, Global Crypto Research, 2023
Why did Tether choose to issue more USDT on-chain Tron instead of other platforms?
Tron is known for its fast transaction speeds and low gas fees compared to Ethereum and other Layer 1 networks. Blockchain experts consider this a strategic choice for Tether to effectively expand liquidity, reduce operational costs, and enhance user experience when using USDT.
Minting USDT on Tron also facilitates DeFi applications, staking, and instant payments, reinforcing this stablecoin's position in the global market.
Platform Transaction Speed Gas Fees Notable Features when minting USDT Tron ~2000 TPS Low (a few cents) Fast minting, low cost, suitable for DeFi Ethereum ~15 TPS High (sometimes several dozen USD) Popular, highly reliable but high gas fees
The impacts of the new USDT issuance on the cryptocurrency market
Minting 1 billion USDT on Tron can instantly increase liquidity, support cash flow for large transactions, and minimize the risk of Stablecoin shortages in many DeFi applications. This helps the cryptocurrency market operate more efficiently, according to financial experts.
Impact on value and investor confidence
Providing enough stable USDT helps avoid significant fluctuations due to shortages, while also enhancing investor confidence in the stable coin ecosystem amid a volatile market.
Frequently Asked Questions
Is minting USDT on Tron a sign that the cryptocurrency market is growing?
According to experts, large minting often reflects high trading demand and the growing health of the blockchain ecosystem.
Can Whale Alert help me track large USDT transactions?
Whale Alert is a useful tool for detecting and alerting large cryptocurrency transactions, including the minting of USDT on all chains.
Why does Tether need to mint more USDT instead of using the old amount?
Minting new USDT meets the increasing market demand, adding liquidity to stabilize the market and mitigate price drops due to coin shortages.
How are gas fees on Tron lower than those on other platforms?
Compared to Ethereum, gas fees on Tron only cost a few cents per transaction, helping save operational costs for users.
Does large USDT minting on Tron affect the price of Bitcoin or Altcoins?
Minting USDT supports liquidity, helping the market operate more smoothly; the impact on price depends on overall trends and trading demand.
Source: https://tintucbitcoin.com/tether-phat-hanh-1-ty-usdt-tron/
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!
