• Market Cap: $3,371,937,287,563.08
  • 24h Vol: $98,994,646,466.05
  • BTC Dominance: 64.14%
  • CONTACT
  • MARKETCAP
Daily Cryptex - Crypto News, Articles and Insights
  • Home
  • Crypto Prices
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Altcoins
    • Stablecoins News
  • Exchange News
    • Binance News
    • Bitget News
    • ByBit News
    • Coinbase News
    • FTX News
    • OKX News
  • DeFi News
  • Metaverse News
  • NFTs News
  • Learn
Font ResizerAa
Daily Cryptex - Crypto News, Articles and InsightsDaily Cryptex - Crypto News, Articles and Insights
  • Home
  • Crypto News
  • Learn
Search
  • Home
  • Crypto News
    • Altcoins
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Stablecoins News
  • Exchange News
    • Binance News
    • Bitget News
    • ByBit News
    • Coinbase News
    • FTX News
    • OKX News
  • Decentralized Finance (DeFI) News
  • Metaverse News
  • NFTs News
Follow US
© Daily Cryptex. All Rights Reserved.
Tether mints $1b on Tron with no fees
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > Stablecoins News > Tether (USDT) News > Tether Issues $1B on Tron Blockchain Without Fees
Crypto NewsStablecoins NewsTether (USDT) News

Tether Issues $1B on Tron Blockchain Without Fees

Burhaan Al Amin
Last updated: July 24, 2024 6:31 pm
Burhaan Al Amin Published July 24, 2024
Share

Tether issued $1 billion in new USDT tokens on the Tron blockchain as stablecoins’ total market cap grew. The minting comes amid increasing demand and growing confidence in stablecoins.

Experts from blockchain analytics firm Nansen remain cautious. They note it’s challenging to assert that this minting indicates upcoming price increases.

Nansen analyst stated, "Given there were many other factors at play in October 2023, it’s hard to justify [the minting] being the next leg up on its own."

Factors to consider include on-chain decentralized exchange volumes, address stats, and off-chain data like exchange-traded fund flows, macro outlooks, and monetary policies.

Current trends suggest the crypto market needs further evidence to convince technical observers of higher prices, despite the stablecoin market cap surpassing $160 million.

The specific stablecoins boosting circulation highlight advancing user demand. Nansen data noted Circle’s USDC, Tether’s USDT, Maker’s DAI, Paxos’ PYUSD, and USDD.

You Might Also Like

Top Cryptocurrencies for Long-Term Investment in 2023

Aptos Launches $10M Ecosystem Fund Backed by OKX Ventures

Bitcoin Magazine CEO Pledges $15M in Support of Trump

Binance Exec Denied Legal Counsel Amid Health Concerns

Polkadot Logo to Appear on Lionel Messi’s Inter Miami Jersey

TAGGED:stablecoinsTetherTron

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Threads Email Copy Link Print
Share
What do you think?
Love0
Sad0
Sleepy0
Surprise0
Angry0
Dead0
Previous Article Bitstamp to distribute Mt. Gox Bitcoin by July 25 - 1 Bitstamp to Distribute Mt. Gox Bitcoin by July 25 Deadline
Next Article Analyst: Riot acquisition price of Block Mining is 'justified,' improves its hash rate Riot Acquisition of Block Mining ‘Justified,’ Boosts Hash Rate
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
Report: Blockchain to Revolutionize Global Payment Systems
Are NFTs are stiil alive and will NFT.NYC be back in 2025? | Opinion - 1
Will NFT.NYC Return in 2025? The Future of NFTs Discussed
Is Polkadot the next FTX? $87M spending spree, racism claims, and user backlash - 1
Controversies Stir Polkadot: $87M Spree, Racism Claims, Backlash

You Might Also Like

Cardano climbs as cryptocurrency market rebounds
AltcoinsCardano (ADA)Crypto News

Cardano Surges Amid Cryptocurrency Market Recovery

By Burhaan Al Amin July 6, 2024
Bitcoin
Bitcoin (BTC)Crypto News

Bitcoin Surpasses $70k Following Trump’s Nashville Speech

By Burhaan Al Amin July 29, 2024
What will the price of Hamster Kombat tokens be at launch?
ByBit NewsCrypto NewsExchange News

Hamster Kombat Token Price Announced Ahead of Launch

By Burhaan Al Amin July 16, 2024
XRP, TRX, HNT: Top cryptocurrencies to watch this week - 1
AltcoinsCrypto NewsRipple (XRP)

XRP, TRX, HNT: Cryptocurrencies to Watch This Week

By Burhaan Al Amin August 4, 2024

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook X-twitter Youtube Instagram Pinterest Threads Telegram
Daily Cryptex - Crypto News, Articles and Insights

Your Source for the Latest Crypto News, Market Analysis, and Expert Insights. Stay Informed Daily!

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Info

Terms

  • About
  • Contact
  • Terms Of Service
  • Privacy Policy
  • Cookie Policy
  • Editorial Policy
  • GDPR Compliance
© Daily Cryptex. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?