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Coin Edition 2024-11-30 08:30:00

Tether Mints $1 Billion USDT on Tron to Meet Market Demand

Tether mints $33B USDT in a year, with Tron leading issuance at 19B tokens. Tron dominates the stablecoin market, holding 37.9% share and $61B in assets. USDT mints ensure liquidity, reflecting rising demand in DeFi and crypto trading. Tether continued its aggressive stablecoin expansion, minting $1 billion USDT on the Tron blockchain just weeks after a similar Ethereum issuance. This latest issuance caps a record-breaking month for Tether, with $16 billion USDT minted in August alone. This brings the annual total to an impressive $33 billion, highlighting the surging demand for stablecoins in DeFi and crypto trading. Tether minted another 1B $USDT ! #Tether has minted 14B $USDT since Nov 8! https://t.co/O3xDQf7ZwD pic.twitter.com/EsgCuskbSG — Lookonchain (@lookonchain) November 29, 2024 Tether Increases Supply to Meet Stablecoin Demand Tether transferred the $1 billion USDT minted on Tron to its treasury wallet, demonstrating its strategy of inventory replenishment. This approach ensures an adequate supply to meet issuance requests and support chain swaps. Tether’s strategy resembles that of traditional businesses, where inventory management ensu… The post Tether Mints $1 Billion USDT on Tron to Meet Market Demand appeared first on Coin Edition .

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Tether Mints $1 Billion USDT on Tron to Meet Market Demand

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