Tether CEO Announces Minting of 1 Billion USDT on TRON Network
According to Odaily, Tether's CEO has announced the minting of 1 billion USDT on the Tether Treasury platform.
This move is part of an authorized but yet-to-be-issued transaction on the TRON network.
The minted amount is set to be used for future issuance requests and chain exchanges inventory. This significant minting operation indicates a potential increase in the supply of USDT on the TRON network, which could have implications for the broader cryptocurrency market.
However, the exact impact of this development remains to be seen as it depends on various factors, including market demand for USDT and the overall performance of the TRON network.