Tether Treasury Issues an Additional 1 Billion USDT
CryptoNewsTerminal Staff19 Aug, 2024
Tether Treasury Issues an Additional 1 Billion USDT
Tether Treasury recently issued an additional 1 billion USDT, as reported by Whale Alert. This news follows a series of similar issuances by Tether in recent months, bringing the total supply of USDT in circulation to over 82 billion. The issuance of new USDT is likely a response to the growing demand for the stablecoin. USDT is one of the most popular stablecoins in the world, and it is used by a variety of individuals and institutions for a variety of purposes, including trading, payments, and remittances. The issuance of new USDT has also been a source of controversy. Some critics have argued that the issuance of new USDT is inflationary and that it could lead to a decrease in the value of the stablecoin. However, Tether has maintained that the issuance of new USDT is necessary to meet the growing demand for the stablecoin and that it is committed to maintaining the stability of the currency.
