Tether, the world’s largest stablecoin issuer, minted 1 billion USDT on the TRON (TRX) network.
Whale Alert, which monitors wallets with high balances, published a report on its social media account. in postTether TSI 19 September 12.54 as of TRON in the network minted 1 billion USDT announced. Following the post in question, many social media users reacted.
While some of the users stated that the transaction was carried out for an increase in cryptocurrencies, others stated that The amount of money is high, citing the lack of volume in the market He claimed that it was.
About the issue on social media in the statement Tether CTO located Paolo Ardoinoa transaction inventory replenishment what it represents, i.e. what is printed 1 billion USDTof authorized however not exported He stated that it was.
CTO, printed USDTs future export requests And network swaps for in inventory He stated that he would be kept.
Note: This is an authorized but not issued transaction, meaning this amount will be used as inventory for future issuance requests and network swaps.
Aforementioned authorized however not exported Although USDTs cause an increase in supply not released yet is in the situation. Produced USDTs are transferred to exchanges jointly conducted network exchange It is thought that it can be used in operations.
Binance previously announced that it had transferred millions of USDT from the TRON network to the Ethereum (ETH) network in an operation carried out jointly with Tether.
Tether also recently June also in the month inventory replenishment for the purpose of 1 billion USDT He announced that he had pressed it.