Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests,” commented Paolo Ardoino, CTO of Tether and … This means that the more USDT tokens that were minted, the smaller the Bitcoin price decrease was. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests. "PSA: 1.2B USDt inventory replenish on Tron Network. Tether, the maximum precious stablecoin by marketplace capitalization, has been gaining numerous traction in latest times. Bitcoin BTC Tether USDT. #USDT (120,440,672 USD) minted at Tether Treasury As shown by blockchain tracker Whale Alert, two transactions of 150 million and 300 million USDT tokens were minted on Oct 20 and Oct 21 respectively. He claims that although it is authorized, it is not an issued transaction, which means that the amount printed will be used to fulfill the next issuance requests. For USDT ERC-20, more tokens minted means an increase in BTC price: there is a 15.8% correlation between the amount minted and the amount of BTC price movement. Whale Alert, a popular Twitter page that tracks various cryptocurrencies' movements, noted that around $400 million worth of USDT was recently minted on Tron’s Tether treasury.. The latest improvement is that Tether treasury minted a whopping 250 million USDT, as visible on Whale Alert, a complicated blockchain tracker and analytic firm. Known as the world’s largest stablecoin, Tether is continuously increasing its minting over the past two days. The genesis of the SLP-based USDT … Tether minted 480 million USDT tokens in the first two weeks of April, and 1.1 billion tokens were printed throughout the rest of the month despite the growing criticisms. On the other hand, a correlation of 15.8% between the issue amount and the Bitcoin price movement was found for the USDT ERC 20. On Monday, Feb. 24 at 10:51:32 UTC, 60 million USDT based on Ethereum worth $60,083,960 USD were minted at Tether Treasury.. To a large extent most of the crypto investors look for whale alerts as it gives us an indication of the market moving forward, and how the price may change in the recent future, as whales contribute a large degree to the demand and supply of a coin. The USD pegged stablecoin has been minted on the high-speed blockchain months after announcing Solana as an issuer.. USDT comes to Solana. Tether prints 60M USDT for the third time. Today, Tether minted yet another 60 million USDT. All of these freshly minted USDT this month, according to Paolo Ardoino, CTO of Tether and its sister company, Bitfinex, has been “inventory replenishes.” Interestingly, while the Bitcoin price has been moving in a range, the market cap of USDT … Therefore, the newly minted USDT should not have entered the market yet: PSA: 120M USDt inventory replenish. All USDT tokens minted on any of these blockchains are censored. It was first released in 2014 under its first name, “Realcoin” by Bitcoin investor Brock Pierce, entrepreneur Reeve Collins, and software developer Craig Sellers. Tether, the most valuable stable coin by market value, has become a household name in the fast-changing crypto market. 60,000,000 USDT was minted yesterday by Tether treasury. A correlation with newly minted USDT and Bitcoin pumping has sent the crypto community into a tailspin.. Today, an automated Twitter account that alerts investors as to when new Tether is minted claimed another $1 billion was added, but that’s not quite the case. ... Why many stablecoins are gaining traction as USDT dwindles. On Saturday, as the crypto markets turned green, Tether printed $120,000,000 new USDT. Crypto traders are following a big move from Tether (USDT) to see where the crypto and Bitcoin (BTC) markets may head next. PSA: 500M USDT inventory replenish on Tron Network. #USDT (251,574,783 USD) minted at Tether Treasury But this is not only an interesting finding, as savvy traders can make good use of this information to observe data and perhaps predict future price movements. This is the third time that Tether treasury has minted an amount of 60M USDT. Paolo Ardoino, the CTO of Tether and Bifinex, chose to reply to Whale Alert’s tweet to help address why such a significant amount of USDT was minted on Tron’s blockchain: PSA: 400M USDt inventory replenish on Tron Network. Because of this, critics maintain that USDT is a tool for price manipulation. This means that users or investors who use these stable coins on any platform can risk freezing of their assets if any wallet is found defaulting, especially in cases of a hack involving USDT tokens on any of the chains it was created. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps." However, Tether CTO Paolo Ardoino said on Twitter that they minted USDT 120 million to meet future demand. Tether Treasury mints 300M USDT. For USDT ERC-20, more tokens minted means an increase in BTC price: there is a 15.8% correlation between the amount minted and the amount of BTC price movement. ... (SSR), is currently low, indicating that many newly minted stablecoins have entered into circulation. Tether has minted yet another over $60 million worth of USDT today, reported Whale Alert. Shine Li Feb 03, 2021 03:40 2 Min Read. In several tweets from Whale Alert about freshly minted USDT, Paolo Ardoino, CTO Bitfinex, and Tether always say that the batch of minted tokens was to replenish the USDT inventory. USDT-Bitcoin Relationship Means BTC May Explode Over the Weekend. USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means. In response to this, Paolo Ardoino, CTO of Tether and the sister company, cryptocurrency exchange Bitfinex said, This is the third time that Tether treasury has minted an amount of 60M USDT. This means that there is an increased demand for Tether and that more Tether needs to be printed. Much of the newly minted Tether this year was produced in batches of 120 million USDT, which Tether CTO Paolo Ardoino notes are "inventory replenishes." For USDT Omni, there is an inverse relation between the minted amount and the Bitcoin price movement. Therefore, this is the information gamblers need to always remember when they place their bets to play for real money at the best Tether casinos online. USDC on Crypto Exchanges Spike as Tether (USDT) Dominance Falters - What This Means. PSA: 120M USDt inventory replenish. 60,000,000 USDT was minted yesterday by Tether treasury. "Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests," said on Ardoino on several of the Whale Alert posts. This new huge influx of USDT in the markets can only mean one thing – uncertainty. It was Tether’s CTO Paolo Ardoino who revealed that it was an inventory replenishment with a response to one of Whale Alert’s tweets. Simpleledger.info also shows that the baton is “alive,” which means USDTs can be minted at any time. In addition, the Tether has been very stable due to its continual value. Tether, the US dollar-pegged stablecoin, has just been minted on the Solana blockchain, data from its blockchain explorer showed.The move came months after Solana was chosen to be an issuer of USDT. Known as the world’s largest stablecoin, Tether is continuously increasing its minting over the past two days. Previous Article China cuts energy tarifs to support Bitcoin miners. This week, over $5 billion in Tether (USDT) was minted and added to the stablecoin’s circulating supply and market cap. This means that for every Tether (USDT) minted they are holding a $1 in reserve. April 27th, minted 30,000,000,000 USDT; April 28th, minted $50,000,000,000 USDT. Paolo Ardoino, the CTO of Tether and Bifinex, chose to reply to Whale Alert’s tweet to help address why such a significant amount of USDT was minted on Tron’s blockchain: PSA: 400M USDt inventory replenish on Tron Network. The way to achieve large batch sizes is to have a wait time before sending each tx inv to … Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests.” Before this, on Monday, 60 million USDT and before that on March 5th another 60 million USDT were minted for inventory replenish. He added that the newly minted USDT is authorized but not issued, meaning that it will be used as inventory in the near future. The CTO of Tether and crypto exchange platform Bitfinex, Paolo Ardoino, stated that the minting is done to replenish the USDT inventory on the Tron network. USDT has already increased its market share by more than 120 percent in 2020. While many critics believe that Tether is trying to prop up Bitcoin with its issuances, recent research concluded that stablecoins are not … Once a USDT is newly minted and issued, it can be transferred, stored and spent by a variety of businesses (exchanges, wallets, financial services) and individual traders looking to avoid the sometimes extreme volatility of the cryptocurrency markets. The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours. At 10:51:32 UTC, $60,083,960 USD worth of Ethereum-based USDT were printed by Tether Treasury. The total value of all USDT is said to be equal to the reserves held by the firm. On the first weekend in July, we saw $100 million USDT tokens freshly minted with $150 million in USDT printed just 2 weeks before. This means that batching behavior can reduce the average traffic per peer per tx from around 120 bytes (for a batch size of 1) to around 44 bytes (for a batch size of 10). PSA: 500M USDt inventory replenish on Tron Network. The latest development is that Tether treasury minted a whopping 300 million USDT, as seen on Whale Alert, an … 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. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests. According to an assessment from Glassnode, the amount of stablecoins being deposited on exchanges is an indication that things are turning bullish for Bitcoin. PSA: 120M USDt inventory replenish. PSA: 1.2B USDt inventory replenish on Tron Network. According to the report of Whale Alert, Tether has printed another 60 million USDT. Tether enforces its peg through collateralizing every Tether minted; for every issued USDT, there is a reserve in the bank backing it. This post was retweeted by Justin Sun, Tron’s CEO himself, and commentators were speculating why such a large amount of coins were minted in the first place. “PSA: Inventory replenish. Bitcoin (BTC) consolidates, down 4.3 percent; $100 million worth of USDT minted, bullish for BTC; There is a correlation between the timing of USDT minting and BTC price expansion. In total, 180 million USDT has been printed so far this month. As reported by U.Today, more tokens are being issued due to the growing demand for fiat-pegged cryptocurrencies caused by the coronavirus turmoil. Cuts energy tarifs to support usdt minted meaning miners marketplace capitalization, has become a household name in the fast-changing market. 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