Tether Mints $1 Billion USDT on Tron Network

• Tether Treasury mints $1B USDT on Tron, resuming activity after a pause.
• Tron’s daily stablecoin volume surpasses Visa and Mastercard on certain days.
• Tron holds over 60% of Tether’s market cap, solidifying its stablecoin dominance.

Tether Treasury has minted 1 billion USDT tokens on the Tron Network, ending a month-long hiatus in new token creation on the platform. Lookonchain data reveals that Tether Treasury has issued a total of 31 billion USDT over the past year, underscoring its pivotal role in the digital currency ecosystem.

7 hours ago, #TetherTreasury minted 1B $USDT on #TronNetwork again after a month.#TetherTreasury has minted a total of 31B $USDT in the past year!https://t.co/2wFo2DEvz3 pic.twitter.com/QP28G3GVqv

— Lookonchain (@lookonchain) July 16, 2024

Justin Sun, founder of Tron, recently delivered a keynote speech at IXO 2024, discussing the evolving landscape of stablecoins and their impact on blockchain innovation. As highlighted by CMC TLDR, a Coinmarketcap analyst, this development coincides with Tron reaching a milestone of over 243 million registered accounts on its network as of July 15th.

Tron has emerged as one of July’s top p…

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