How massive USDT mints on Tron, Ethereum impacts market dynamics

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

USDT minting have pushed Tether’s circulating supply to new highs, with a fresh $1B on TRON bringing the supply from $48.8B to nearly $62.8B.

minting has pushed Tether’s circulating supply to new highs, with a fresh $1 billion mint on TRON bringing the stablecoin’s supply from $48.8 billion to nearly $62.8 billion.

TRON has become a major driver in Tether’s growth, holding 51% of USDT’s $120 billion supply, with Ethereum closely following at 45%. Nevertheless, past mints have frequently aligned with bullish sentiment. Analysts observe that these issuances often coincide with increased trading volumes, as traders see them as signals of rising liquidity and potential gains.

Meanwhile, metrics like net network growth, concentration, and large transactions remain neutral, suggesting a stable but optimistic outlook.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 22. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

USDT market cap hits $120B: How Tron, Ethereum played a roleThe USDT market cap reaches an all-time high of $120 billion, solidifying its dominance in the stablecoin sector.
Bron: CryptoAmb - 🏆 22. / 68 Lees verder »