{"id":135564,"date":"2024-08-14T21:30:42","date_gmt":"2024-08-14T18:30:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135564"},"modified":"2024-08-14T21:31:14","modified_gmt":"2024-08-14T18:31:14","slug":"usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason\/","title":{"rendered":"USDT Supply on Crypto Exchanges Has Reached a Record Level &#8211; What Is the Reason?"},"content":{"rendered":"<p>This surge in Tether\u2019s reserves followed the issuance of $1 billion in USDT from Tether\u2019s vault on the Ethereum network.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason\/\" title=\"USDT Supply on Crypto Exchanges Has Reached a Record Level &#8211; What Is the Reason?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/Tether-Keyboard-770x433-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">USDT Supply on Crypto Exchanges Has Reached a Record Level &#8211; What Is the Reason?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Tether CEO Paolo Ardoino explained that the transaction was an \u201c<em>inventory replenishment<\/em>,\u201d meaning that the tokens were reserved for future issuance requests rather than being immediately put into circulation.<\/p>\n<p>Data from Tether\u2019s transparency page <strong><a href=\"https:\/\/tether.to\/en\/transparency\/\" target=\"_blank\" rel=\"nofollow\">shows<\/a><\/strong> that $941.72 million in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a><\/strong> was \u201c<em>authorized but unissued<\/em>\u201d on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> as of August 14, indicating that approximately $60 million of it from the recent issuance has already entered circulation.<\/p>\n<p>This reflects strong demand for USDT in anticipation of upcoming market movements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of August 13, Tether (USDT) balances on crypto exchanges reached a record high of $20.339 billion, signaling that investors may be preparing to channel them into other cryptocurrencies ahead of the U.S. Federal Reserve&#8217;s upcoming interest rate decision in September.<\/p>\n","protected":false},"author":7,"featured_media":64439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-135564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>USDT Supply on Crypto Exchanges Has Reached a Record Level - What Is the Reason?<\/title>\n<meta name=\"description\" content=\"As of August 13, Tether (USDT) balances on crypto exchanges reached a record high of $20.339 billion, signaling that investors may be...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USDT Supply on Crypto Exchanges Has Reached a Record Level - What Is the Reason?\" \/>\n<meta property=\"og:description\" content=\"As of August 13, Tether (USDT) balances on crypto exchanges reached a record high of $20.339 billion, signaling that investors may be...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-14T18:30:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-14T18:31:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/Tether-Keyboard-770x433-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"433\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kosta Gushterov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kosta Gushterov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/usdt-supply-on-crypto-exchanges-have-reached-a-record-level-what-is-the-reason\/\"},\"author\":{\"name\":\"Kosta Gushterov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/f5770e36288515bca160ee4878e48d1a\"},\"headline\":\"USDT Supply on Crypto Exchanges Has Reached a Record Level &#8211; 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