Stablecoin issuer Tether minted another 1 billion USDt tokens on Tron, pushing the network’s authorized USDT supply to surpass Ethereum’s.
On May 15, blockchain data data-ct-non-breakable=”null” href=”https://tronscan.org/#/contract/TBPxhVAsuzoFnKyXtc1o2UySEydPHgATto/transfers” rel=”null” target=”null” text=”null” title=”null”>showed that Tether’s treasury minted $1 billion of its dollar-pegged stablecoin, USDt ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” rel=”null” target=”null” text=”null” title=”null”>USDT), into the Tron network.
As of May 14, Tether’s stablecoin transparency page data-ct-non-breakable=”null” href=”https://tether.to/en/transparency/?tab=usdt” rel=”null” target=”null” text=”null” title=”null”>shows that Tron’s authorized USDT totals $73.7 billion, while Ethereum has $74.5 billion in authorized USDT tokens. If the newly minted tokens are added to the number of authorized USDT assets, Tron’s supply…
