Tether, the largest stablecoin issuer with USDT, just allowed the creation of an additional one billion USDT on the TRON blockchain.
This announcement comes after a similar two days, which disturbs market players and brings the cryptocurrencycurrency influenced by stablecoin into attention.
However, Tether must make a public statement regarding the most recent correlation between USDT expansion and supply rises.
However, Coinmarketcap data shows that the USDT, backed by $106.2 billion, is the largest cryptocurrencycurrency by capitalization, thereby gaining complete dominance of this field.
CryptoQuant researchers believe that as the circulating supply of USDT increases, Bitcoin prices will rise. From 2022 until now, the USDT supply has been increasing by around 30 billion, as the cost of BTC has increased by multiples.
However, concerns about reserve transparency and instability remain high, even after the Wall Street Journal published its findings.
