Tether authorized the release of 2 billion USDT in the TRON and Ethereum networks
Tether replenished reserves for another 2 billion USDT in the TRON and Ethereum networks. The last time the company released stablecoins was at the end of February 2024.
Tether, the issuer of the USDT stablecoin, has authorized the release of 2 billion coins in the TRON and Ethereum networks.
On March 3, 2024, Whale Alert reported that the company had replenished reserves of 1 billion USDT on the Ethereum network. Already on March 4, information appeared about the release of 1 billion coins on the TRON network.
PSA: 1B USDt inventory replenish on Tron Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.
— Paolo Ardoino ? (@paoloardoino) March 4, 2024
Paolo Ardoino, the company's technical director, noted in his X (formerly Twitter) that the volume of stablecoins based on TRON and Ethereum is authorized, but not released. According to him, this means that it will be used for further issuance or swaps between blockchains.
Source: https://incrypted.com/tether-avtorizovala-k-vypusku-2-mlrd-usdt-v-setyah-tron-i-ethereum/
