Tether, the issuer of the world's largest stablecoin, has just minted 1 billion USDT tokens on the TRON network.
According to Whale Alert, 1 billion Tether tokens have been minted and sent to the TRON network on August 9.
Tether's CTO Paolo Ardoino said:
"1B USDt inventory replenish on TRON Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps."
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According to Tether's latest transparency report, Tether currently has 32 billion USDT issued on the TRON network, making it the largest for the stablecoin. It does, however, have another 1.1 billion authorized but not yet issued, which is likely from this recent transaction.
TRON now holds 53.5% of the total 62.8 billion USDT outstanding.