Tether, the world’s largest stablecoin issuer, minted $1 billion USDT on the TRON (TRX) network.
Before spot ETF approval and price movements in Bitcoin By minting USDT Notable Tether is on the TRON network 1 billion USDT did the printing. According to on-chain data, the transaction in question was carried out today at around 15.20 GMT.
Tether increased significantly after last year. USDT minted and subsequently Serious price movements in Bitcoin It happened. Volatility is expected to occur in this printing process.
Tether CEO Paolo Ardoino’s comments on USDT printing in the statement, He made the following statements:
USDTs minted on the TRON network are an inventory replenishment. Note that this is an authorized but not issued transaction, meaning this amount will be used as inventory for future issuance requests and chain swaps.
According to Ardoino’s statement, USDTs yet It has not been released and will be used when needed.