A few hours ago, Tether released $1 billion new USDT on the Tron (TRX) blockchain. This information has been confirmed by the analytical team Lookonchain and also Whale Alert platform. After the release, $500 million USDT from Tether’s treasury was transferred to the HTX exchange owned by Justin Sun, Tron’s founder. Lookonchain also reported that from January 29 until now, Tether has issued a total of $10 billion USDT on various blockchains. This move is considered a major cash injection into the cryptocurrency market and usually follows the rise in Bitcoin prices as stablecoins play a significant role in purchasing major cryptocurrencies. According to market data, in the past 24 hours, the price of Bitcoin has increased by 3.5% to $87,508. This increase follows consecutive declines last week following comments from Jerome Powell, the Federal Reserve Chairman, regarding no interest rate reduction due to continued inflationary pressures. This stance faced harsh criticism from Donald Trump, the former U.S. President, who demands an immediate interest rate cut and Powell’s removal. On the page for real-time cryptocurrency prices, you can see the prices of all tokens and cryptocurrencies live and in real-time.
