BREAKING: $1 Billion New Tether (USDT) Issued On Tron Network – Bitcoin To Surge?

2023-7-12 11:14

Tether, the leading stablecoin provider, today issued an additional 1 billion USDT on the TRON network. This mammoth issuance is expected to significantly alter the stablecoin landscape. Data from Coingecko reveals that in the past 90 days, USDT’s market value has soared by $2.6 billion. During the same period, USDC, another popular stablecoin, witnessed its market value decrease by $4.6 billion.

As of now, USDT commands 65% of the total market value of stablecoins, while USDC trails at 21.4%. This stark contrast, intensified by Tether’s recent issuance, could potentially lead to significant shifts in the dynamics of the cryptocurrency market.

The Potential Impact on Cryptocurrency Prices

The minting of new USDT tokens is more than just a footnote in Tether’s journey. It could significantly impact the price of cryptocurrencies, particularly Bitcoin. Here’s why:

Minting new USDT tokens increases the overall supply in the market. This increase can potentially stimulate demand for cryptocurrencies, including Bitcoin. This is due to the fact that traders and investors often use USDT as a means of exchange to purchase other digital assets.

The relationship between the supply of USDT and the price of Bitcoin has always been a topic of intense debate and speculation within the crypto community. Some industry observers maintain that there exists an inverse correlation between the price of Bitcoin and the total supply of USDT on exchanges.

If this hypothesis holds, a decrease in the supply of USDT could potentially lead to an increase in the price of Bitcoin. Therefore, this fresh issuance of 1 billion USDT could have far-reaching implications for Bitcoin and the broader crypto market.

This development underscores the influential role of stablecoins like USDT in the rapidly evolving cryptocurrency landscape. As Tether continues to dominate the stablecoin market, market participants will undoubtedly be keen to observe the potential effects of this new issuance on the dynamics of crypto prices.

The post BREAKING: $1 Billion New Tether (USDT) Issued On Tron Network – Bitcoin To Surge? appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Tether (USDT) на Currencies.ru

$ 0.9999 (+0.02%)
Объем 24H $71.622b
Изменеия 24h: 0.06 %, 7d: 0.09 %
Cегодня L: $0.9994 - H: $0.9999
Капитализация $112.445b Rank 3
Цена в час новости $ 1.0001 (-0.02%)

usdt billion stablecoin tron network tether issued

Источник: captainaltcoin.com

usdt billion → Результатов: 126


Фото:

Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs

While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market valuation of eight different stablecoins combined is well over […] The post Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs appeared first on Bitcoin News.

2020-3-31 02:30


Data shows Tether transactions larger than $100k increase by 109% in the past week

During the past week, the total amount of transactions larger than $100,000 in USDT reached $7.3 billion, which represents an increase of 109.82 percent compared to the week before that. Data from IntoTheBlock has also shown that the overall number of USDT transactions has been on the rise in the past three months, as was […] The post Data shows Tether transactions larger than $100k increase by 109% in the past week appeared first on CryptoSlate.

2019-11-1 22:33


Best Tether (USDT) Wallets: Best Solutions for Hardware, Desktop, iOS and Android

Tether is the first and by far most popular stablecoin. According to CoinMarketCap, USDT activity reached an all-time high in August with a market cap exceeding $4 billion. Tether is reportedly used in between 40-80 percent of all transactions on the exchanges Huobi and Binance, the latter of which now offers loans based on USDT […]The post Best Tether (USDT) Wallets: Best Solutions for Hardware, Desktop, iOS and Android appeared first on CaptainAltcoin.

2019-10-12 14:50


Tether Whale Watchers Find Unsuccessful Attempt to Move $46 Billion Worth of USDT

Massive transactions are not something new to crypto traders. This is why nobody is surprised when the so-called whales, who are investors with huge amounts of cryptos, are active. A profile specialized in finding big transactions, Whale Alert, has recently affirmed that a huge Tether (USDT) transaction was spotted. Initially, the profile reported that someone […]

2019-8-27 00:25


Tether “Accidentally Minted” 5 Billion USDT as Community Investigates the Drama-Filled Matter

Accident happened while making the swap from Omni to Tron Bitfenix and Tether CTO, Paolo Ardoino said “sometimes issues happen” when working with different blockchains Controversial stablecoin, Tether is yet again in the hot waters after the Tether Treasury “accidentally” created 5 billion USDT instead of the required 50 million. The Accident with the Token […]

2019-7-14 18:56


Bitfinex begins LEO token buyback, maintains no wrongdoing in $850 million shortfall

Cryptocurrency exchange Bitfinex announced the launch of a transparency initiative to coincide with the beginning of the burn mechanism of the company’s LEO token. Bitfinex’s parent company iFinex sold $1 billion in LEO tokens for USDT from private investors during a 10-day token sale in May 2019 to cover an $850 million loss from Crypto […] The post Bitfinex begins LEO token buyback, maintains no wrongdoing in $850 million shortfall appeared first on CryptoSlate.

2019-6-16 00:50


Tether Tops Bitcoin’s Trading Volume Again as USDT Plays Its Part in ‘2019 is the Year of Stablecoins’ Motto

The speculation that 2019 will be the year for all stablecoins seems to have begun already as Tether (USDT) recorded transaction volumes matching the ‘King Coin' Bitcoin (BTC). On the 28th of May 2019, the cryptosphere witnessed USDT's 24hr transaction volume surpass that of Bitcoin (BTC) by about $1 billion, USDT recorded a volume of […]

2019-5-29 18:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How Much Will $1,440 in Kaspa or 10,000 KAS Tokens Be Worth in 2025?

In a video by YouTuber Crypto Galaxy, the presenter made some bold claims about the future value of the cryptocurrency Kaspa (KAS). Touting it as the “ultimate greatest crypto coin on planet Earth,” they predicted that 10,000 KAS tokens could be worth $210,000 by 2025.

Rising Meme Coins To Add To Your Portfolio: MEDA, RECQ, and BONK

TLDR As the crypto market enters full swing in June, investors are looking to get ahead by boosting their portfolios with the best cryptocurrency offerings. Meme coins remain the best consideration, offering a low entry point and a high chance to skyrocket due to community engagement and other exciting features.