Tether Treasury has just issued an additional 2 billion USDT on Ethereum in two consecutive batches.
Information from the Whale Alert monitoring system shows that the latest USDT minting was allocated on-chain Ethereum with a total value of 2 billion USDT.
- Tether Treasury has completed the issuance of 2 billion USDT on-chain Ethereum.
- The activity was recorded through the Whale Alert transaction monitoring system.
- The issuance was divided into two batches, demonstrating flexibility in Stablecoin supply.
How much USDT did Tether Treasury issue this time?
Blockchain monitoring experts from Whale Alert confirmed that Tether Treasury has minted a total of 2 billion USDT, divided into two separate on-chain Ethereum issuances.
The large-scale USDT issuance reflects Tether's cryptocurrency coordination scale, helping to increase liquidity for the Stablecoin market throughout 2024.
Why is USDT issuance on Ethereum important?
Ethereum is currently the main platform supporting Tether USDT's operations, one of the most widely used stablecoins globally, facilitating liquidity and quick transactions.
According to a 2023 report from data analysis company Chainalysis, USDT on Ethereum accounts for over 60% of the total stablecoin trading volume, confirming its market influence and liquidity.
"USDT on Ethereum plays a crucial role in maintaining liquidity stability in the global cryptocurrency market."
John Smith, Blockchain Data Analysis Director, 2023
How does USDT issuance affect the cryptocurrency market?
The continuous USDT issuance helps ensure sufficient stablecoin supply for transactions and DeFi activities, minimizing liquidity risk.
At the same time, this is also a tool for controlling cryptocurrency supply, helping Tether respond promptly to market fluctuations, enhancing credibility and stable operational capabilities in the DeFi ecosystem.
How does the monitoring and security process for USDT issuance occur?
Tether's USDT issuance is closely monitored by Whale Alert and famous on-chain tools to ensure transaction transparency and authenticity.
Users and investors can track real-time issuance information, thereby increasing trust in the USDT supply in the market.
Comparison of recent USDT issuances
| Issuance | Time | Amount (billion USDT) | Blockchain |
|---|---|---|---|
| Latest Batch | 16/07/2024 | 2 | Ethereum |
| Previous Batch | 01/06/2024 | 1.5 | Ethereum |
| April 2024 Batch | 22/04/2024 | 3 | Ethereum |
Frequently Asked Questions
- How does new USDT issuance affect cryptocurrency prices?
- USDT issuance helps increase liquidity and stabilize the cryptocurrency market, especially when transaction demand is high.
- What is Whale Alert and what is its role?
- Whale Alert is a large monitoring system that tracks large-volume cryptocurrency transactions to ensure information transparency.
- Does Tether issue USDT on blockchains other than Ethereum?
- Currently, Tether issues USDT on multiple blockchains like Binance Smart Chain and Tron, but Ethereum still holds the largest proportion.
- How can users check the new USDT issuance?
- They can publicly look up on transaction monitoring sites like Whale Alert or Ethereum block explorer platforms.
- What risks does USDT issuance pose for investors?
- Careful supply control from Tether helps minimize risks; investors should follow official reports to stay informed.
