🚀💰 Tether strikes hard with a new major operation! The stablecoin giant has just created $1 billion in USDT on the TRON blockchain, propelling its capitalization to an impressive $117 billion!
Stablecoin behemoth Tether (USDT) recently injected an additional $1 billion worth of USDT into the TRON ecosystem, aiming to boost market liquidity. The massive creation was carried out on August 20 by the TBPx…ATto contract, with the funds transferred to what appears to be Tether’s treasury address.
Despite the lack of notable changes in Tether’s transparency report, which states that the amount in circulation remains stable at around $60.8 billion, this move raises questions about its potential impact. Tether CEO Paolo Ardoino revealed that this move could solidify TRON $TRX as the number one network in terms of minted USDT, surpassing even Ethereum.
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