{"id":133255,"date":"2024-07-16T18:00:48","date_gmt":"2024-07-16T15:00:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133255"},"modified":"2024-07-16T14:12:29","modified_gmt":"2024-07-16T11:12:29","slug":"tether-mints-1-billion-usdt-on-tron-amid-market-preparation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-mints-1-billion-usdt-on-tron-amid-market-preparation\/","title":{"rendered":"Tether Mints $1 Billion USDT on Tron Amid Market Preparation"},"content":{"rendered":"
These tokens, not yet in circulation, are classified as \u201cauthorized but not issued,\u201d according<\/a><\/strong> to Tether\u2019s CEO Paolo Ardoino. This action is part of Tether\u2019s routine inventory management to prepare for potential increases in demand, which often precedes upward movements in the cryptocurrency market.<\/p>\n The distinction of \u201cauthorized but not issued\u201d USDT<\/a><\/strong> means these tokens exist in Tether\u2019s treasury but are not backed by tangible reserves like the U.S. dollar or other assets.<\/p>\n Meanwhile, Justin Sun, founder of the Tron<\/a><\/strong> network, celebrated<\/a><\/strong> surpassing $60 billion in USDT issuance on Tron, marking a significant milestone for the blockchain.<\/p>\n