[ad_1]
Tether today made a significant activity in the digital asset market. According to data shared by crypto analyst Whale Alert, Tether Treasury minted $1 billion USDT on TRON Network.
This strategic move highlights Tether’s innovative approach to managing liquidity efficiently within the cryptocurrency market.
Tether adds USDT to the TRON Network
Today, on-chain metrics shared by Whale Alert disclosed that Tether Treasury minted $1 billion USDT on TRON Network. This development is a crucial move that is set to massively increase the supply of the USDT stablecoin, which is commonly utilized for cryptocurrency transactions and trading.
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,415,000 USD) minted at Tether Treasuryhttps://t.co/X3KOENIS50
— Whale Alert (@whale_alert) February 4, 2025
The minting of such gigantic amounts of USDT stablecoin has significant impacts on the virtual currency market. USDT, which is recognized for its role in offering stability and liquidity, normally experiences increased issuance during times of higher demand for stablecoin or elevated trading activities.
TRON network, being one of the prominent chains for DeFi and other crypto applications, continues to be a popular option for Tether’s business operations.
The virtual currency world is known for its extreme price fluctuations and unpredictability. This is where stable digital currency like Tether comes into play to give investors and traders a steady option when engaging in the rises and falls of digital asset trading. By putting more USDT into its reserve, Tether shows its dedication to providing this stable option in the volatile market.
USDT maintains the lead in the stablecoin market
Last month, the stablecoin market valuation reached a new AHT of $204 billion after recording steady growth since November 2024. According to data reported by CryptoQuant, the stablecoin market cap surged by $37.6 billion since President Trump was announced as the winner of the last US Presidential election.
This rise of stablecoin influxes to trading platforms suggests a potential bullishness in the wider digital asset market. Stable digital currencies such as Tether, whose values are linked to fiat money, play a crucial role in the market as they help investors maintain value during price fluctuations. This increasing liquidity is a positive boost that could push BTC and other digital asset prices up.
USDT remains the largest stablecoin with a $139 billion market capitalization, after drawing in an increase of $19 billion (15%) since November. USDC emerges as the second largest stablecoin with a market cap of $52.5 billion after registering a $17 billion growth (48%) over the same duration.
[ad_2]
