Sunday, 1 October 2023


Tether authorizes $1B USDT to ‘replenish’ Tron network By Cointelegraph

Tezos Price Action Suggests Possible Sharp Price Decline

Accounts monitoring blockchains for major mints, trades and token transfers have flagged a $1-billion authorization of (USDT) in Tether’s Treasury that is set to provide near-term USDT liquidity for the Tron network.

Blockchain tracker WhaleAlert highlighted the $1-billion authorization on X (formerly Twitter), which drew a quick-fire response from Tether chief technology officer Paolo Ardoino, who said that the USDT tokens would be used as inventory to “replenish” the Tron network.

Tether increases USDT supply in 2023. Source: CoinMarketCap