Tether Expands USDT Supply with $1 Billion Tron Mint
Tether has minted $1 billion USDT on the Tron network, part of a broader effort to manage liquidity and meet the growing demand for stablecoins.
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Tether has minted $1 billion USDT on the Tron network, part of a broader effort to manage liquidity and meet the growing demand for stablecoins.
TRX, AVAX, and MATIC are among the few exceptions in the green today.
Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants. PLUS: Trump retakes lead over Harris and Tron's TRX surges on Sunpump.meme's growth.
TRX, the native token of the TRON blockchain, has jumped 12% over the past day, making it the top gainer in the crypto market. The price of TRON (TRX) soared 10.6% on Aug. 21, exchanging hands at $0.
Tron market cap has increased by 32% in the last 14 days. TRX price reclaims $0.15 with a massive bullish engulfing candle. An uptrend continuation could surge TRX price to $0.27. The total crypto market capitalization has remained stable at 2 trillion dollars over the past week, leading to robust performance in the altcoin markets.
Tron price has enjoyed a streak of consecutive daily green candles, and is up 15% in the last seven days.
Blockchain data revealed that Tether's latest operation involved the creation of $1 billion in USDT tokens on Tron, which were subsequently transferred to the Tether Treasury wallet. This news was highlighted by Look on chain, an on-chain analytics platform that tracks such movements.
Tron (TRX) is making headlines with its price hitting $0.1578, the highest in three years. As it nears its 2021 all-time highs, the surge is driven by growing stablecoin transaction volumes on its network, especially in Asian markets where Tron is favored.
After 11 days of operation — including a brief downtime — memecoin platform SunPump has helped create over 18,000 memecoins.
The biggest cryptos Bitcoin (BTC) and Ether (ETH) printed red indexes continuing their losing streak but not Tron (TRX). Riding on the meme coins linked rally, TRX turned out to be the heaviest gainer in the top 100 cryptos, decoupling from the bearish sentiments running in the market.
The crypto prices today have illustrated mixed price actions, sparking a tidal wave of speculations across the broader market. Bitcoin (BTC) and Ethereum (ETH) prices tumbled nearly 2%, whereas top altcoins traded mainly in the red territory.
Tron (TRX) surges over 14% amid Justin Sun's legal victory, the launch of SunPump meme coin platform, and a bullish Cup and Handle breakout pattern.
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Sundog (SUNDOG), a meme coin built on the Tron blockchain, has taken the crypto market by surprise. Its market cap has risen from $2 million a few days ago to $200 million today.
Blockchain data shows that stablecoin issuer Tether has minted over $33 billion in USDT over the last year. According to blockchain tracking firm Lookonchain, $33 billion in USDT has been minted on the Tron (TRX) and Ethereum (ETH) blockchains.
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TRON (TRX) is really making a splash right now! With its price hitting $0.1578, it's at its highest point in three years. This huge jump has pushed TRON's market cap to a jaw-dropping $13.65 billion.
In the past few days, Tron (TRX) has been consistently gaining significant attention from the crypto community due to its super-hit performance. On August 21, 2024, Tron's open interest once again skyrocketed by over 56% in the last 24 hours, signaling immense interest from investors and traders.
The total amount of USDT tokens minted in the last year by Tether has reached $33 billion. Tether may also mint USDT in advance of its formal issuance in order to have a steady supply.
Tron (TRX) has emerged as a notable exception, displaying bullish behavior while many other major altcoins struggle. After a notable performance since early August, questions arise about whether Tron can maintain its upward momentum.
The US SEC tried to get Justin Sun's appeal to dismiss the securities violation case hindered. A federal judge sided with Sun, denying the SEC's request.
Tron (TRX) has surged 21% over the past week, driven by a combination of heightened network activity and the excitement surrounding the launch of SunPump, a new meme coin platform. The impressive price rally has propelled TRX into the top 10 cryptocurrencies by market cap, with its price climbing from $0.126 to $0.1524.
Tron (TRX), the layer-1 network, has shocked the broader cryptocurrency market with its record USDT transaction outlook. An update from Arkham Intelligence on X shows that a staggering $1 billion worth of USDT has been minted on the Tron blockchain.
Tron edges out Cardano for 10th on CoinMarketCap as SunPump sparks a memecoin revival.