tether treasury minted

On May 8, 2020, the Tether Treasury minted 120 million new USDT. READ: CBN releases guidelines for the Nigeria-China currency swap. When the price of the leading cryptocurrency reached from $8,000 to $9,000, the stablecoin treasury had minted over 160 million new tokens. What This Could Mean For USDT Despite certain voices who […] Tether continues to print more USDT as earlier today another 60,000,000 USDT has been minted at Tether treasury. Tether USDT remains the largest stablecoin in the increasingly competitive stablecoin market. Published January 19, 2021 | Updated January 19, 2021 Updated: 100 Million Tether [USDT] were earlier moved to an unknown wallet and another 400 Million USDT is reported to be minted from Tether treasury. The latest macro on the widely used stablecoin is that Tether treasury minted a whopping 150 million USDT some hours ago, as seen on Whale Alert, an advanced blockchain tracker, and analytic firm. 120 mln USDT minted for Ethereum. According to Bitfinex CTO Paolo Ardoino, the reason for the new USDT is to replenish inventories. Why is Polygon unaffected by the current cryptocurrency market dip? It is a widespread belief in the crypto space that the issuance of large amounts of fiat pegged token, in this case, USDT, is a sign of an impending bull run for Bitcoin. “This amount will be used as inventory for next period issuance requests,” he writes. The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the Almost half a billion USDT minted in past 36 hours as Bitcoin rallies - TheBitcoinDesk According to Tether’s official transparency page, total assets worth of USDT currently stands at a little more than $7.9 billion, while its market cap according to CoinGecko is at 7.8 billion. The latest development is that Tether treasury minted a whopping 150 million USDT few hours ago, as seen on Whale Alert, an advanced blockchain tracker, and analytic firm.. READ: Why Bitcoin might go for $3 million in 2025 At the time of writing, Tether … Tether Printer Goes Brrrr: 1.6 Billion USDT Minted In April As Bitcoin Recovers From March Loss. In the last 48 hours, $180 million worth of Tether (USDT), a stable coin, has been printed, a development which analysts say is a net positive for Bitcoin and crypto. Tether Mints 1.6B USDT in April. This post was retweeted by Justin Sun, Tron’s CEO himself, and commentators were speculating why such a large amount of coins were minted in the first place. Looking back ~1 year, when total stable coins circulating supply started its exponential growth and has increased >50B/~tenfold (of empty air) in a year, I would have NEVER believed something so blatantly obviously scam would have managed to fool the retail, public etc., again, and (so far) getting away without collapsing on itself nor major intervention by authorities nor countries for … This post was retweeted by Justin Sun, Tron’s CEO himself, and commentators were speculating why such a large amount of coins were minted in the first place. Tether – one of the biggest cryptocurrency stablecoins has minted another $2 billion USDT on the TRON blockchain. Stablecoin News. Lagos to relocate burnt Igbosere High Court to Ikoyi by end of May. Max Keiser Explains Why Bitcoin Will Be The Ultimate Winner After the US Elections, Tether Moves 1 Billion USDT to Ethereum Amid Sky-High Fees and Congestion, The Dogecoin (DOGE) Copycats: Shiba Inu and 5 Others You Must Know About, What is Shiba Inu (SHIB)? Whale Alert, a popular Twitter page that tracks various cryptocurrencies’ movements, noted that around $400 million worth of USDT was recently minted on Tron’s Tether treasury. For example, 1 USDT would equal 1 USD approximately. USDT price is down -0.1% in the last 24 hours. Whale Alert, a popular Twitter page that tracks various cryptocurrencies' movements, noted that around $400 million worth of USDT was recently minted on Tron’s Tether treasury. Bitcoin and the rest of the crypto markets recorded terrible losses in March. Tether, the most valuable stable coin by market value, has become a household name in the fast-changing crypto market. You can unsubscribe at any moment, Bitcoin SV Multisig Bug Exploited Resulting in Potential Coin Loss, Trump Or Biden? Records from Whale Alert suggest that the Tether Treasury has printed five batches of fresh tokens in the last five days, totaling 480 million USDT ($480.4 million), which was the same amount with what was minted within the first 14 days of the previous month. You can unsubscribe at any time. Disclaimer: Information found on CryptoPotato is those of writers quoted. Tether minted 480 million USDT tokens in the first two weeks of April, and 1.1 billion tokens were printed throughout the rest of the month despite the growing criticisms. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. We NEVER send spam. At the time of filing this report, BTC is trading at $9,083.68, with a 3.4% price upsurge in the last 24 hours. From April 1, 2020, to April 30, accumulated records from Whale Alert, a platform that tracks large crypto transactions from and to exchanges, revealed that the Tether Treasury printed a total of 1.58 billion USDT worth just shy of $1.59 billion. The minting was picked up by Whale Alert (@whale_alert) earlier today. In the past two days, Tether injected 180 million USDT into the market consisting of three separate batches of 60M USDT. — Paolo Ardoino (@paoloardoino) April 27, 2020, Mandy Williams is a freelance writer and a crypto fanatic. “Absent an unlikely reversal in predominant crypto trends, it should be a matter of time until Tether passes Ethereum to take the No. READ: Tether whales move USDT 110,000,000 in 1 hour At the time of writing, Tether traded at $1.00 with a 24 daily trading volume of $43.3 billion. There are quite a few opinions that PayPal was the cause of Bitcoin’s strong rise yesterday, and in this morning session. Olumide Adesina is a France-born Nigerian. Market watchers have noted that whenever millions of new USDT appear in exchange wallets, BTC is about to rise. According to Whale Alert, Tether has created 120 mln more for issuing on the Ethereum chain. The movement of 100 Million USDT was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. Tether is the most valuable stablecoin by market value. Tether, the most valuable stable coin by market value, has become a household name in the fast-changing crypto market. It trades under the ticker symbol USDT. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Tether mints while Bitcoin rallies over $9,000. On the one hand, that could be true as BTC surged from the $6,400 level at the start of April to almost $9,700 at month’s end, which coincides with the period Tether’s “printer went brrrr.” But on the other hand, the recent price surge could be an effect of the upcoming Bitcoin halving event expected to occur in less than ten days from now when the network hits block 630,000.

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