Tether, one of the largest companies in the cryptocurrency market, minted 5 billion USDT in November.
On-chain analytics platform Lookonchain 1st of Decemberwhat he did in to share According to Tether, TRON (TRX) And Ethereum (ETH) in the network 5 billion USDT made another printing.
Lookonchain, this is printed USDTs He investigated where he was going. In sharing, generated on the Ethereum network USDT to 1.5 billion The close part was taken from the Tether treasury by a whale and to stock exchanges It was stated that it was transferred.
USDTs printed on the TRON network are 2.56 billion part directly from the Tether treasury through a deposit address named “TQef1n” to Kraken was deposited.
It is thought that these transactions were carried out in response to the increasing whale appetite and demand environment. While the cryptocurrency market has been experiencing a multibillion-dollar rise recently, it is estimated that Tether has accelerated printing by responding to this demand.
Tether has recently joined the TRON network, keeping up with the corporate demand in the market. 1 billion USDT had pressed it.