Tether (USDT) Sends New 50 Million Tokens Daily Tranche from Treasury to Back Price
Cryptovest
Published Aug 14, 2018 10:28AM ET
Updated Aug 14, 2018 11:41AM ET
Tether (USDT) Sends New 50 Million Tokens Daily Tranche from Treasury to Back Price
The crypto bear market has returned with a vengeance, and the only thing coming to the rescue is another 50 million tokens . It must be noted that no new USDT has been printed since June 25, and the tranches are of already existing tokens, to boost circulation.
The Tether treasury is second on the rich list following Binance, with more than 465 million minted tokens.
USDT turnover has been larger than the total supply of coins, showing demand for the stable coin to m...
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