This Saturday, another 1 billion USDT was released on the TRON blockchain. The total stablecoin supply is around 76 billion.
The company continues to issue USDT despite critics claiming that Tether does not have enough cash to fully meet its reserves. Supposedly, only 2.9% of the USDT supply is backed by dollar reserves.
Tether issued 5 billion USDT in November and another 1 billion on December 4th. The total supply is about 76 billion.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to beincrypto.com
You May Also Like
What's happening with Tether?
The world's largest crypto exchange Binance suspended Tether (USDT) withdrawals on Monday morning during a "period of increased activity."
Stablecoin market capitalization exceeded $120 billion
The market capitalization of stablecoins increased throughout 2021, surpassing $120 billion by September.
