USDT minting have pushed Tether’s circulating supply to new highs, with a fresh $1B on TRON bringing the supply from $48.8B to nearly $62.8B.
minting has pushed Tether’s circulating supply to new highs, with a fresh $1 billion mint on TRON bringing the stablecoin’s supply from $48.8 billion to nearly $62.8 billion.
TRON has become a major driver in Tether’s growth, holding 51% of USDT’s $120 billion supply, with Ethereum closely following at 45%. Nevertheless, past mints have frequently aligned with bullish sentiment. Analysts observe that these issuances often coincide with increased trading volumes, as traders see them as signals of rising liquidity and potential gains.
Meanwhile, metrics like net network growth, concentration, and large transactions remain neutral, suggesting a stable but optimistic outlook.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USDT market cap hits $120B: How Tron, Ethereum played a roleThe USDT market cap reaches an all-time high of $120 billion, solidifying its dominance in the stablecoin sector.
Read more »
Tron decouples from Bitcoin, Ethereum: New ATH coming?Tron (TRX) defies BTC and ETH and is poised for an upside rally as its on-chain metrics hint at a bullish market sentiment among traders.
Read more »
Tether’s $5.58B Bitcoin reserves: A move to strengthen USDT?Tether, the issuer of the popular stablecoin USDT, has significantly strengthened its reserves by adding over 82,000 Bitcoin [BTC].
Read more »
USDT under fresh scrutiny: Impact on Bitcoin’s final Uptober weekUSDT stands at a crossroads. The investigation news triggered investor panic, yet there is a long road ahead.
Read more »
Aptos welcomes USDT: Could this drive TVL to the $1B milestone?Aptos embraces native USDT in its ecosystem which could lead to higher TVL. APT bulls show up at key level after last week's pullback.
Read more »
USDT’s popularity on Toncoin rises: Will this trigger a TON bounce?Over the last 30 days, USDT transactions on TON reached over 4.5 million, with transaction volumes exceeding $300 million.
Read more »