BREAKING
421d 0h ago

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

TRX

TRX/USDT

$0.31712
+2.29%
24h Volume

$70,670,662.92

24h H/L

$0.3185 / $0.3097

Change: $0.008800 (2.84%)

Funding Rate

+0.0052%

Longs pay

Data provided by COINOTAG DATALive data
Tron
Tron
Daily

$0.3184

2.28%

Volume (24h): -

Resistance Levels
Resistance 3$0.3353
Resistance 2$0.3300
Resistance 1$0.3209
Price$0.3184
Support 1$0.3153
Support 2$0.3078
Support 3$0.2994
Pivot (PP):$0.315567
Trend:Uptrend
RSI (14):68.9

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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