BREAKING
365d 15h ago

Tether Mints 1 Billion USDT on Tron: A Strategic Inventory Replenishment

TRX

TRX/USDT

$0.2811
-2.23%
24h Volume

$167,072,351.71

24h H/L

$0.2875 / $0.2805

Change: $0.007000 (2.50%)

Funding Rate

-0.0390%

Shorts pay

Data provided by COINOTAG DATALive data
Tron
Tron
Daily

$0.2810

-0.85%

Volume (24h): -

Resistance Levels
Resistance 3$0.2895
Resistance 2$0.2852
Resistance 1$0.2817
Price$0.2810
Support 1$0.2800
Support 2$0.2766
Support 3$0.2706
Pivot (PP):$0.281767
Trend:Downtrend
RSI (14):35.2

COINOTAG News reported on February 5th that Tether has successfully minted 1 billion USDT on the Tron network, according to monitoring data from Whale Alert. This significant move has been confirmed by Tether CEO Paolo Ardoino, who elaborated that the recent minting is part of an inventory replenishment strategy. Furthermore, Ardoino explained that this transaction remains authorized but has not yet been put into circulation. This indicates that the minted amount is intended for future issuance requests and will serve as crucial inventory for upcoming chain swap activities.

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