{"id":84091,"date":"2023-11-13T17:00:46","date_gmt":"2023-11-13T22:00:46","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/tether-issued-4b-usdt-on-tron-and-ethereum-networks-report\/"},"modified":"2023-11-13T17:00:49","modified_gmt":"2023-11-13T22:00:49","slug":"tether-issued-4b-usdt-on-tron-and-ethereum-networks-report","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84091","title":{"rendered":"Tether Issued 4B USDT on Tron and Ethereum Networks: Report"},"content":{"rendered":"<div>\n<figure id=\"attachment_130712\" aria-describedby=\"caption-attachment-130712\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-130712\" class=\"wp-caption-text\"><em>Source: Adobe\/Alvaro<\/em><\/figcaption><\/figure>\n<p>Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month.<\/p>\n<p>Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT on the Tron blockchain on November 10. This occurrence is a recent example of the stablecoin maker\u2019s growing printing exercises.<\/p>\n<p>Reacting to the report, Tether\u2019s chief technology officer (CTO) Paolo Ardoino stated that the $1 billion USDT is an inventory replenishment on the Tron blockchain.<\/p>\n<p>Ardoino explained that the stated amount is authorized but not issued, meaning that it would be used as an inventory for the next period of issuance requests and chain swaps.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>\u2014 Paolo Ardoino \ud83c\udf50 (@paoloardoino) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/paoloardoino\/status\/1723084896426508795?ref_src=twsrc%5Etfw\">November 10, 2023<\/a><\/p>\n<\/blockquote>\n<p>Prior to this, Tether minted $1 billion of USDT on the Ethereum blockchain on November 9. This was complemented by a notable issuance of an additional $2 billion in fiat-backed stablecoins in two tranches on the Tron network on November 3 and October 19, as revealed by Whale Alert.<\/p>\n<p>These figures push Tether\u2019s minting spree to a total of $4 billion in USDT in the past month. However, this does not represent the final target for the blockchain-based platform in terms of minted USDT tokens for the year.<\/p>\n<p>According to data from Whale Alert, Tether is looking to print 22.75 billion USDT in 2023, with 13 billion (57%) to be issued on the Tron blockchain. The remaining 9.75 billion (43%) is expected to be added to the Ethereum blockchain.<\/p>\n<p>To achieve this aim, Tether has been actively minting new tokens. In March 2023, the issuer printed 9 billion USDT tokens, adding to its already released 3 billion created in the past month.<\/p>\n<p>Following this, Tether further released 3.75 billion USDT tokens between June and July.<\/p>\n<h2>Burning Alongside Minting<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Fiat-backed stablecoins are usually pegged 1:1 with the fiat currency they are tracking.<\/p>\n<p>To maintain this peg, many stablecoin issuers often hold cash or cash equivalents corresponding to the quantity of digital tokens in circulation.<\/p>\n<p>An innovative approach gaining traction involves burning or permanently retiring a preset amount of tokens from open circulation.<\/p>\n<p>While buffering up its stablecoin portfolio, the USDT makers have also towed this unlikeliest of paths.<\/p>\n<p>Although burning often reduces the amount of an asset in circulation, thereby leading to an increase in value due to less supply relative to demand, it works differently in the case of the USDT stablecoin.<\/p>\n<p>It only ensures that the value of the tokenized greenback does not fall below the $1 peg.<\/p>\n<p>For instance, Tether burned 1.2 billion USDT tokens on the Tron blockchain on August 22.<\/p>\n<p>This event was preceded by a similar activity in June that saw 3.1 billion USDT on the Tron protocol and 2 billion USDT on the Ethereum network permanently removed from circulation.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re quite close to add another extremely powerful piece of the puzzle for <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\">@Tether_to<\/a> ecosystem.<\/p>\n<p>Total of 5 mind-blowing projects (and counting) for 2024.<br \/>Couple of these could obliterate some popular Web2 centralized services for good.<\/p>\n<p>Pure Real World Ecosystem aka &#8220;Things\u2026<\/p>\n<p>\u2014 Paolo Ardoino \ud83c\udf50 (@paoloardoino) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/paoloardoino\/status\/1723766170120073640?ref_src=twsrc%5Etfw\">November 12, 2023<\/a><\/p>\n<\/blockquote>\n<p>Meanwhile, the stablecoin issuer is seemingly working on a new series of crypto-backed products scheduled for release in 2024.<\/p>\n<p>Making this known, the platform\u2019s CTO Paolo Ardoino stated that Tether is working on five new products that people could actually need.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/tether-issued-4b-usdt-on-tron-and-ethereum-networks-report.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month. Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT on the Tron blockchain on November 10. This occurrence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-84091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Issued 4B USDT on Tron and Ethereum Networks: Report | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84091\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether Issued 4B USDT on Tron and Ethereum Networks: Report | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=84091\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-13T22:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-13T22:00:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699906816-tether.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84091#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84091\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Tether Issued 4B USDT on Tron and Ethereum Networks: Report\",\"datePublished\":\"2023-11-13T22:00:46+00:00\",\"dateModified\":\"2023-11-13T22:00:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84091\"},\"wordCount\":601,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84091#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84091\",\"url\":\"https:\/\/ifintechworld.com\/?p=84091\",\"name\":\"Tether Issued 4B USDT on Tron and Ethereum Networks: Report | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-13T22:00:46+00:00\",\"dateModified\":\"2023-11-13T22:00:49+00:00\",\"description\":\"Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=84091#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=84091\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=84091#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tether Issued 4B USDT on Tron and Ethereum Networks: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tether Issued 4B USDT on Tron and Ethereum Networks: Report | iFintechWorld","description":"Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=84091","og_locale":"en_US","og_type":"article","og_title":"Tether Issued 4B USDT on Tron and Ethereum Networks: Report | iFintechWorld","og_description":"Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the","og_url":"https:\/\/ifintechworld.com\/?p=84091","og_site_name":"iFintechWorld","article_published_time":"2023-11-13T22:00:46+00:00","article_modified_time":"2023-11-13T22:00:49+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699906816-tether.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=84091#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=84091"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Tether Issued 4B USDT on Tron and Ethereum Networks: Report","datePublished":"2023-11-13T22:00:46+00:00","dateModified":"2023-11-13T22:00:49+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=84091"},"wordCount":601,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=84091#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=84091","url":"https:\/\/ifintechworld.com\/?p=84091","name":"Tether Issued 4B USDT on Tron and Ethereum Networks: Report | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-13T22:00:46+00:00","dateModified":"2023-11-13T22:00:49+00:00","description":"Source: Adobe\/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=84091#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=84091"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=84091#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Tether Issued 4B USDT on Tron and Ethereum Networks: Report"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84091"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84091\/revisions"}],"predecessor-version":[{"id":84093,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/84091\/revisions\/84093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/84092"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}