Tether has issued 2 billion USD USDT on the Tron blockchain to bolster reserves and prepare for higher demand. The issuance took place in two phases, with 1 billion USD issued previously and an additional 1 billion USD later, as confirmed by CEO Paolo Ardoino.
Tether holds USDT in reserve for future use, such as for customers to exchange money or transfer tokens between blockchains. This decision comes after Tether's issuance of 1 billion USD USDT on Ethereum on June 18, ahead of the Federal Reserve meeting.
This issuance shows that Tether is preparing for an increase in demand and instilling confidence in users that they can exchange USDT for dollars at any time. Tether also provides flexibility for users in utilizing tokens across various blockchains.
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Tether mint 2 billion USD of USDT on Tron to meet expected demand
Tether has issued 2 billion USD USDT on the Tron blockchain to bolster reserves and prepare for higher demand. The issuance took place in two phases, with 1 billion USD issued previously and an additional 1 billion USD later, as confirmed by CEO Paolo Ardoino.
Tether holds USDT in reserve for future use, such as for customers to exchange money or transfer tokens between blockchains. This decision comes after Tether's issuance of 1 billion USD USDT on Ethereum on June 18, ahead of the Federal Reserve meeting.
This issuance shows that Tether is preparing for an increase in demand and instilling confidence in users that they can exchange USDT for dollars at any time. Tether also provides flexibility for users in utilizing tokens across various blockchains.