The post Tether Mints $1 Billion USDT on TRON Network appeared on BitcoinEthereumNews.com.

Tether today made a significant activity in the digital asset market. According to data shared by crypto analyst Whale Alert, Tether Treasury minted $1 billion USDT on TRON Network. This strategic move highlights Tether’s innovative approach to managing liquidity efficiently within the cryptocurrency market. Tether adds USDT to the TRON Network Today, on-chain metrics shared by Whale Alert disclosed that Tether Treasury minted $1 billion USDT on TRON Network. This development is a crucial move that is set to massively increase the supply of the USDT stablecoin, which is commonly utilized for cryptocurrency transactions and trading. The minting of such gigantic amounts of USDT stablecoin has significant impacts on the virtual currency market. USDT, which is recognized for its role in offering stability and liquidity, normally experiences increased issuance during times of higher demand for stablecoin or elevated trading activities. TRON network, being one of the prominent chains for DeFi and other crypto applications, continues to be a popular option for Tether’s business operations.  The virtual currency world is known for its extreme price fluctuations and unpredictability. This is where stable digital currency like Tether comes into play to give investors and traders a steady option when engaging in the rises and falls of digital asset trading. By putting more USDT into its reserve, Tether shows its dedication to providing this stable option in the volatile market. USDT maintains the lead in the stablecoin market Last month, the stablecoin market valuation reached a new AHT of $204 billion after recording steady growth since November 2024. According to data reported by CryptoQuant, the stablecoin market cap surged by $37.6 billion since President Trump was announced as the winner of the last US Presidential election. This rise of stablecoin influxes to trading platforms suggests a potential bullishness in the wider digital asset…

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Filed under: News - @ February 5, 2025 6:26 pm