Tether Expands USDT Supply on Tron with $1B Minting Event

Tether Expands USDT Supply on Tron with $1B Minting Event



In a notable development, Tether has expanded its footprint in the digital currency space by minting an additional batch of its USDT stablecoins, marking a significant issuance of two billion USDT within a span of merely two days. Esteemed analysts from Lookonchain have highlighted that the USDT issuer sanctioned the creation of one billion new coins on the Tron blockchain, a move that follows closely on the heels of a similar issuance executed on April 2.



As of the latest updates, Tether has refrained from issuing a statement regarding this new tranche of USDT.



Presently, metrics from CoinMarketCap illustrate that USDT boasts a market capitalization of $106.2 billion, commanding a dominant stance with a 69.2% market share in the stablecoin sector, as per the DefiLlama dashboard. This positions USDT with a substantial lead in a


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Stablecoin, #Tether, #USDT

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