{"id":542441,"date":"2023-07-12T20:00:09","date_gmt":"2023-07-12T20:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=542441"},"modified":"2024-06-11T14:38:37","modified_gmt":"2024-06-11T14:38:37","slug":"1-billion-usdt-issuance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/1-billion-usdt-issuance\/","title":{"rendered":"Tether CTO Paulo Adoino Explains 1 Billion USDT Issuance"},"content":{"rendered":"
Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. <\/span>With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and enhance its interoperability.<\/span><\/p>\n Whale Alert, an on-chain analytics account known for monitoring significant cryptocurrency transactions, drew <\/span>attention<\/span><\/a> to this latest move by Tether.\u00a0<\/span><\/p>\n In response to Whale Alert’s tweet announcing Tether’s 1 billion USDT inventory replenishment on the Tron Network, Tether’s CTO Paulo Adoino replied in a <\/span>tweet<\/span><\/a> stating that the issuance was authorized but not yet issued, indicating that the tokens will serve as inventory for future issuance requests and chain swaps.<\/span><\/p>\n PSA: 1B USDt inventory replenish on Tron Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.https:\/\/t.co\/Y1bqxZglgR<\/a><\/p>\n \u2014 Paolo Ardoino \ud83c\udf50 (@paoloardoino) July 12, 2023<\/a><\/p><\/blockquote>\n\n