Tether Treasury has created 1 billion USDT, equivalent to $1,000,485,000, on the Tron network, as per an update on July 12. Following a previous billion-dollar issuance in April, the stablecoin issuer has once again achieved this milestone with its latest mint. The chief technology officer of Tether, Paolo Ardoino, explained that this recent minting of USDT is part of Tether's process to replenish its inventory on Ethereum.
It is important to note that this issuance will not impact the overall market capitalization of USDT, as it is categorized as an "authorized but not issued transaction." Ardoino clarified that the newly minted USDT will serve as inventory for future issuance requests and chain swaps.
A chain swap refers to the practice employed by traders to transfer their digital assets from one blockchain to another. This
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First found on: Tether issues 1 billion USDT on Tron, market dominance at 65%
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