TRON recorded a fresh $1.1 billion USDT mint, according to a Techub News report citing Whale Alert data. The transaction was carried out by Tether Treasury on Aug. 26 through the TRON blockchain. The new issuance adds to the amount of USDT circulating on TRON, which the report described as one of the main blockchains used for USDT distribution. Tether said the newly minted $1.1 billion in USDT will be held as inventory rather than released directly into circulation. The reserve is intended for future issuance requests on the TRON network and for chain swaps, based on the company’s statement. The update points to another large-scale stablecoin supply addition on TRON, a network that already handles a significant share of USDT activity.
TRON added a newly minted $1.1 billion in USDT, according to Techub News.
Whale Alert data showed that Tether Treasury minted the amount on Aug. 26 through the TRON network.
The new issuance increases the total USDT supply on TRON. The network is already one of the main blockchains used for USDT circulation.
Tether said the $1.1 billion in USDT was minted as inventory for future issuance requests and chain swaps on TRON.
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