a string there is Ethereum Blockchain one billion USDT struck. Therefore, in less than two months, USDT is coining more than a billion stable coins again.
At the 03/21 is a string billion USDT already in the Tron network moulded.
The bailout took place in April and has already been authorized but has not yet been released. The IS It is now approvedmaking the coins part of the market cap.
In a few minutes Tether will coordinate with a 3rd party exchange to do a chain swap, changing from Tron to Ethereum ERC20, for 750M $USDt.
the # title $USDt the total supply will not change during this process.
Learn more about chain swaps https://t.co/abfgnELSvi
— Tether (@Tether_to) June 12, 2023
Tether wants to expand blockchain exchange functions! Where should investors invest now?
Paolo Ardoniothe Tether Technology HQ He definitely sees a greater demand for cryptocurrencies and wants to get through it Mining new USDT USDT’s position on the Ethereum blockchain is a catalyst to further increase this demand.
Ardoino clarifies that Tether has always worked with various crypto companies and crypto exchanges to ensure liquidity in the crypto market.
PSA: Replenish 1B USDt inventory on Ethereum Network. Note that this is an authorized but unissued transaction, which means this amount will be used as inventory for next period issuance requests and chain swaps.https://t.co/Y1bqxZglgR
— Paolo Ardoino 🍐 (@paoloardoino) June 12, 2023
Most of the exchanges support USDT on different chains in their portfolio. At the same time, it happens time and time again that there is a lot of USDT on one chain, but higher withdrawals occur on another blockchain.
If there is enough USDT on all the blockchains involved, a Very easy exchange to handle. With the exchange of cryptocurrencies between different blockchains, third parties can benefit, for example Tether with USDT.
By using USDT, investors can easily exchange cryptocurrencies between different blockchains. Since Ethereum is the second largest blockchain, it makes a lot of sense to ensure liquidity for this as well.
Binance wants to exchange 750 million from Tron to Ethereum
After announcing a new USDT minting on the Ethereum blockchain, crypto exchange Binance announced that it will exchange 750 million USDT on Tron for USDT on Ethereum.
After 12pm UTC today, #binance exchanging 750M USDT-TRX for USDT-ETH directly with the Tether team to ensure stablecoin liquidity across all chains for our users.
If you see any significant movements of USDT from our wallet today, that’s why.
There are SAFU funds.
— Binance (@binance) June 12, 2023
Tether provides liquidity between cryptocurrencies and crypto exchanges with USDT
The rationale for this is that the world’s largest crypto exchange trying to ensure that its own customers can access all blockchains with sufficient liquidity. a string The transactions are confirmed.
So that the Spread of Cryptocurrency without unnecessary increase, since exchange processes also correspond burn rates trigger.
People in Turkey are in a rush to move in # title as a hedge against the falling local currency https://t.co/lhFAlyGspj
— Paolo Ardoino 🍐 (@paoloardoino) June 11, 2023
Bitcoin rises after USDT hit
According to research conducted by Blockchain Research Labs last year, the price of bitcoin tends to rise when a new USD is struck. It is therefore possible that it is very worthwhile to bet on Bitcoin as part of this campaign.
Although the increase is not significant, it has happened repeatedly since 2014 Bitcoin price increases. This could be due to the BTC/USDT pair dominating BTC volume on most exchanges.
Does Tether have enough reserves? Which cryptocurrencies protect my investment?
Although Tether consistently claims that there are enough off-chain reserves available to support the equivalent value of the USDT struck, various sources have raised concerns about this.
In order to hedge against price losses, crypto presales seem to be the main help this year. Cryptocurrency pre-sales have seen high returns for investors in many cases this year.
New cryptocurrencies like the Wall Street Memes coin are jumping from record to record. The Wall Street Meme Coin ($WSM) crypto presale has already breached the US$ 6,000,000 mark. This is obviously very successful.
If the Presales are always going so wellit’s wall street memes sold out early . Of course the successor of the PEPE coin is particularly benefiting from the current events related to Binance and Coinbase, since $WSM directly covers this area in its memes.
Your capital is at risk.
Cryptocurrencies with potential in 2023
Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.