Tron (TRX) Network Sees Another $1B USDT Mint as Tether Expands

Tether has minted an additional 1 billion USDT tokens on the Tron (TRX) network, bringing the total USDT minted over the past year to $33 billion.

Biggest Crypto News: Tron (TRX) Adds Another $1B USDT Mint

Tether has minted 1 billion additional USDT tokens on the Tron (TRX) network, bringing the total USDT minted over the past year to $33 billion. According to blockchain data, Tether created these 1 billion USDT tokens on Tron (TRX) and moved them to its treasury wallet. This latest minting on Tron (TRX) follows closely behind another billion USDT minted by Tether on Ethereum.

While Tether has yet to comment officially on the new tokens on Tron (TRX), they are likely serving the same purpose as the recently minted USDT on Ethereum. Tron (TRX) currently leads the market in terms of stablecoin supply.

Solana (SOL) Boosts PayPal USD to $1B Market Cap Milestone

The market capitalization of PayPal’s Solana (SOL) based stablecoin, PYUSD, has crossed $1 billion, boosting on-chain activity and demand on the Solana (SOL) network. Coming into 2023, the payments company had a slow start with its stablecoin on Ethereum. However, its recent move to Solana (SOL) and the introduction of DeFi reward programs have contributed to the token’s growth.

Since PYUSD was deployed on Solana (SOL) recently, its market cap has surged from $399 million to $1.01 billion. Solana (SOL) now accounts for 64% of PayPal USD’s market cap, totaling $647 million. PYUSD is currently the third-largest stablecoin, following USD Coin (USDC) at $2.55 billion and Tether (USDT) at $723.5 million.

DTX Exchange (DTX) Team Says Time Has Come DTX To Shine

The DTX platform is a blockchain project that has already entered the testing phase and is scheduled for the public main launch in September 2024. Tron (TRX) and Solana (SOL) community investors skipped to the slots. Because it is now undervalued, they say it is the best cryptocurrency you can buy.

DTX Exchange recently attracted 800 investors two days after the testing announcement. This DTX is gaining more popularity due to its excellent trading features. These features include a secure leverage of 1000X, a non-custodial wallet, no KYC requirement, and a distributed pool of liquidity. DTX Exchange customers can maximize their profits through high leverage, which allows them to reduce risks substantially.

DTX allows traders to trade over 120,000 assets on different markets, such as cryptocurrencies, stocks, bonds, foreign exchanges, and commodities.

The public presale for DTX’s second round has raised more than $1.6 million and $2 million in private seed. The DTX Exchange is scheduled to become a prominent member and will have a chance to ascend the rankings when its mainnet launches. The DTX coin sells now for 0.04 USD. Its price forecast for the next offering round is $0.06.

The above is the detailed content of Tron (TRX) Network Sees Another $1B USDT Mint as Tether Expands. For more information, please follow other related articles on the PHP Chinese website!