{"id":143611,"date":"2024-11-30T09:00:51","date_gmt":"2024-11-30T07:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143611"},"modified":"2024-11-30T01:52:14","modified_gmt":"2024-11-29T23:52:14","slug":"tether-expands-usdt-reserves-issuing-1-billion-new-tokens","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-expands-usdt-reserves-issuing-1-billion-new-tokens\/","title":{"rendered":"Tether Expands USDT Reserves, Issuing 1 Billion New Tokens"},"content":{"rendered":"

Since mid-November, the company has issued a total of 14 billion USDT<\/a><\/strong>, further cementing its position as the dominant stablecoin, holding 69% of the market share. This activity contributed to $2.5 billion in earnings during Q3 2024, according to CCData.<\/p>\n

CEO Paolo Ardoino clarified<\/a> <\/strong>that the new tokens are part of an inventory refill, prepared for future issuance or chain swaps to maintain market liquidity. By keeping reserves ready, Tether aims to ensure smooth trading and bolster market efficiency.<\/p>\n

Research has shown that USDT issuance often correlates with Bitcoin price<\/a><\/strong> increases. A study by Blockchain Research Lab revealed that Bitcoin typically sees a small uptick shortly after large USDT minting events, driven by increased liquidity and bullish sentiment. In contrast, reductions in USDT supply have little effect on market perception.<\/p>\n