💲Tether issued $1 billion USDT tokens on Tron

💲Tether issued $1 billion USDT tokens on Tron

The new funds will be used for future USDT purchase requests and chain conversions.

✅ The market capitalization of the leading stablecoin has surpassed $96 billion.

✅ The issuance is authorized, but the funds to back the new tokens have not yet been transferred to the accounts. This has been Tether's practice since 2018: issuance is done as purchase requests are received.

✅ Why Tron? The TRC-20 protocol is the most popular among users due to its transaction processing speed and low fees. The network is the second-largest blockchain in terms of stablecoin issuance, with a market share of 37.7%.

✅ According to the correlation between circulating USDT supply and Bitcoin price, since late 2022, circulating USDT supply has increased by approximately $30 billion, and each increase in supply has coincided with the start of the price increase of the first cryptocurrency.

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