Tether added 1 billion USDT to the Tron network

• Tether added another 1 billion USDT to the treasury on the Tron network
• The company last issued stablecoins in December 2023.
• At the time of publication, USDT capitalization is $94.1 billion, dominance is 70.6%.

Tether, the issuer of the USDT stablecoin, has authorized the issuance of another 1 billion coins on the Tron network. The last time it replenished its reserves was in December 2023. Then Tether also printed 1 billion USDT.

Tether stablecoin capitalization continues to grow. At the time of writing, it exceeded $94 billion, according to TradingView:

Note that at the end of 2023 this figure was $91.66 billion. According to DeFiLlama, USDT’s market dominance has exceeded 70.6%. For comparison, in December last year it was 70.2%.

What is the USDT stablecoin from Tether and why is it needed?

08/09/2023

26 min

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Recall that at the beginning of December 2023, Tether received about $1.1 billion in unrealized profits from investments in Bitcoin.

We previously reported that the USDT stablecoin issuer’s $1 billion deposits were at the center of a lawsuit being considered by the High Court in London.. The company also noted that it froze addresses related to the financing of the war in Ukraine and Israel.