Tether Treasury Mints 1 Billion USDT on Tron Network
Tether Treasury's minting of 1 billion USDT on the Tron network reflects the strong ongoing demand for its stablecoin, contributing to an overall increase of 8 billion USDT this month.
USDT
TRX
Summary
On July 28, Tether Treasury minted 1 billion USDT on the Tron network, valued at approximately $1.0013 billion, as reported by Whale Alert. This action is part of a broader trend, with Tether's total supply increasing by 8 billion USDT since July 1, indicating sustained demand for the stablecoin in the market.
Terms & Concepts
- USDT: A stablecoin pegged to the U.S. dollar, issued by Tether, used for transactions and trading in the cryptocurrency market.
- Tron network: A blockchain platform designed for decentralized applications and smart contracts, enabling high throughput and low transaction costs.