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
Tether Market Cap Falls
Tether (USDT), the world's best-known stablecoin, broke its peg against the dollar in reverse, falling to an 18-month low and halving trading volumes.
Sberbank will launch a stablecoin in the spring of 2021
The largest state bank in Russia, Sberbank, has submitted an application to the Bank of Russia to register its own blockchain platform.
