Tether's $1 Billion USDT Minting on Tron Network Hints at Crypto Market Sentiment Shift

Tether's $1 Billion USDT Minting on Tron Network Hints at Crypto Market Sentiment Shift



The stablecoin operator Tether has once again generated a substantial amount of USDT tokens on the Tron network. However, there's a twist: these tokens are not yet available for trading or transactions.



According to data from LookOnChain, Tether has produced approximately $13 billion worth of new USDT tokens on both the Ethereum and Tron blockchains since October of the previous year. The latest addition to Tron's decentralized network, led by Justin Sun, amounts to $1 billion in USDT.



Although the tokens have been minted, on-chain information indicates that the USDT tokens added to the Tron network on January 29th have not yet been released. This implies that the significant minting was done with future intentions, as confirmed by Tether's CEO, Paolo Ardoino.



Ardoino's clarification, however, has not eliminated the


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#BillionUSDT, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Tether, #USDT

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