During last week, TETHER was on a strong FRIM USDT, adding a value of $ 8 billion in stablescoins in the last eight days on the TRON and ETHEREUM Blockchain networks. This new USDT stable offer can provide new ammunition for the wider rally of the cryptography market, helping him get out of the current consolidation phase.
Tether Mint 1 billion USDT on Tron Blockchain
In a notable development, Tether hit an additional USDT dollars on the Blockchain Tron only four hours ago. This marks a continuation of the company's aggressive emission strategy.
Chain data also reveals that since April 28, the company has expanded its stable supply of $ 8 billion in the Blockchain Tron and Ethereum networks. This helps the USDT to extend its advance to other competitors such as USDC, Busd, Rlusd, etc.
According to the Transparency report of the attachmentThe USDT total emitted on Tron increased to $ 71.4 billion. Currently, $ 72.8 billion USDT are in circulation on the Ethereum network. With only an additional $ 1.4 billion USDT on Tron, it could again exceed Ethereum as a leading network of the largest stablecoin transmitter in the world, a position he has held at various times in the past two years.
In addition to Tron and Ethereum, the third largest network for the Stablecoin USDT is Solana, with a circulating offer of $ 1.9 billion. Total USDT traffic has reached a historic summit of $ 149.4 billion USDT, reflecting an increase of 8.6% since the start of the year.
Consequently, it captures 61% of the total market of stablescoin to date. In addition, the CEO of TETHER, Paolo Ardodino, believes that the Cryptographic convivial TRUMP administration could help the company acquire additional market share in the coming years.
In addition, Ardoino has also teased the launch of a product powered by artificial intelligence (AI) designed for decentralized applications. Named “Tether AI”, innovation should lead to overvoltage in Bitcoin and USDT transaction volumes at Liberation.
Crypto Market Rally to come?
With the Bitcoin price which flirts around $ 94,500 in last week and Altcoins entering a strong consolidation, the recent USDT strike could provide a catalyst for another cryptographic market rally in advance.
In addition, the Secretary in the United States of the Treasury, Scott Bessent, called on the federal reserve to reduce interest rates, while fueling the speculation of a major bull on the cryptography market.
In addition, US President Donald Trump announced his intention to reduce prices on China. Citing the current levy of 145% as excessively high and an obstacle to trade, Trump expressed his intention to relieve restrictions.
Bhushan Akolkar
Bhushan is a fintech enthusiast with an in -depth understanding of the financial markets. His interest in the economy and finance led him to focus on emerging technology of blockchain technology and cryptocurrency markets. He undertook to learn continuous and remains motivated by the sharing of the knowledge he acquires. During his free time, Bhushan likes to read fictional novels to thriller and occasionally explores his culinary skills.
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
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