{"id":136167,"date":"2024-08-25T09:30:34","date_gmt":"2024-08-25T06:30:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136167"},"modified":"2024-08-24T18:38:14","modified_gmt":"2024-08-24T15:38:14","slug":"tether-adds-1-billion-usdt-to-tron-surpassing-ethereum","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-adds-1-billion-usdt-to-tron-surpassing-ethereum\/","title":{"rendered":"Tether Adds $1 Billion USDT to Tron, Surpassing Ethereum"},"content":{"rendered":"<p>This significant <strong><a href=\"https:\/\/x.com\/cryptoquant_com\/status\/1826878841287000291?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1826878841287000291%7Ctwgr%5E05d93ff36326c36fce978f02fbecb47379f3c0da%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Ftether-treasury-mints-1-billion-usdt%2F\" target=\"_blank\" rel=\"nofollow\">expansion<\/a> <\/strong>underscores <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tron\/\">Tron\u2019s<\/a> <\/strong>growing prominence in the stablecoin market, attributed to its efficient transaction processing and lower operational costs.<\/p>\n<p>In the past year, Tether has performed $1 billion <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>mints on Tron eighteen times, reflecting the increasing demand for stablecoins within the crypto space. On August 13, Tether also added $1 billion USDT to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>to replenish its supply, a standard procedure rather than a new issuance, according to Tether\u2019s CEO, Paolo Ardoino.<\/p>\n<p>The company\u2019s transparency report highlights large amounts of USDT authorized but not yet issued on various networks, including $1.1 billion on the Ton network and $601 million on Ethereum.<\/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\/paypal-and-crypto-bank-anchorage-launch-pyusd-rewards-program\/\" title=\"PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program\">\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\/07\/PayPal-8-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Tron has recently gained significant traction, partly due to its new memecoin platform, SunPump. Justin Sun, Tron\u2019s founder, praised the network\u2019s liquidity, which he believes supports the thriving memecoin sector. With its growing USDT supply and enhanced liquidity, Tron is establishing itself as a key player in the stablecoin ecosystem, outpacing other major blockchains like Ethereum and Solana.<\/p>\n<p>This expansion of USDT on Tron reflects broader trends in the stablecoin market, where efficiency and cost-effectiveness are increasingly important. As demand for stablecoins continues to rise, Tron\u2019s ability to provide high liquidity and rapid transaction speeds positions it favorably in the competitive landscape, potentially influencing future trends and developments in the crypto space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether has recently minted an additional $1 billion in USDT on the Tron blockchain, pushing Tron\u2019s total USDT supply to $61.8 billion and surpassing Ethereum&#8217;s $52.1 billion.<\/p>\n","protected":false},"author":3,"featured_media":27654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,23],"tags":[],"class_list":["post-136167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 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