On August 20, Tether Treasury issued an additional 1 billion USDT on the Ethereum network.

This action is equivalent to approximately 1.0066 billion USD and was recorded at 19:37 Beijing time, according to tracking data from Whale Alert.

Tether Treasury has just created an additional 1 billion USDT on Ethereum.

The value of this cryptocurrency is approximately 1.0066 billion USD.

The recorded time occurred at 19:37 Beijing time.

Tether Treasury created an additional 1 billion USDT on the Ethereum network at 19:37 Beijing time on August 20.

This information is collected by Whale Alert, a service that tracks significant movements of cryptocurrencies on the blockchain, enhancing the reliability of the data.

The issuance of additional USDT often reflects high demand for liquidity in the cryptocurrency ecosystem, helping to maintain market stability.

The increase in USDT supply on Ethereum provides additional liquidity for the user community and traders, supporting transactions or DeFi applications with this stablecoin. However, this increase in supply also needs to be closely monitored by investors to assess inflationary pressure on the stablecoin market.

"Increasing the supply of stablecoins like USDT can help maintain liquidity strength, but transparency is also needed to maintain user trust."

Market analysis, 2024 Cryptocurrency Research Director

Whale Alert is a tool tracking large transactions on the blockchain, providing transparent and reliable data for the community and investors.

Through detailed notifications, Whale Alert helps users and experts track significant movements of cryptocurrencies, allowing them to assess market conditions and signs that may influence trading trends or price fluctuations.

The creation of USDT on the Ethereum network demonstrates transparency by using the leading mainnet for the world's most famous stablecoin.

Ethereum stands out with high security and interoperability, allowing Tether Treasury to issue stablecoins quickly and reliably. This is a factor that helps USDT maintain its leading position among stablecoins with a large market share.

An increase in USDT supply could affect the price if there is no corresponding demand, but USDT typically maintains a stable level close to 1 USD thanks to its collateral mechanism.

The creation of USDT reflects the demand for liquidity and does not create direct inflation; however, excessive increases could affect supply and demand in the stablecoin market.

Whale Alert provides accurate data on large transactions on the blockchain, widely used by professionals and cryptocurrency investors to track market fluctuations.

Why did Tether choose to issue USDT on Ethereum?

Ethereum has high security and a developed DeFi network, enhancing the usability and liquidity of USDT.

Is the amount of USDT issued backed by real assets?

The mechanism of USDT requires corresponding cryptocurrency assets and collateral; however, transparent tracking from Tether Treasury is necessary.

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