Tether sees massive issuance of USDT tokens on wavefield network
On March 14, according to Whale Alert data, Tether, the stable currency issuer, issued 1 billion additional USDTs on the wavefield network at 22:29:27 on March 14, Beijing time.
Tether issued 1 billion additional USDTs in the wave field network
Analysis based on this information:
The Whale Alert data on March 14 revealed that Tether, a leading stable currency issuer, had issued 1 billion additional USDT tokens on the wavefield network. This development has been considered noteworthy considering that it comes at a time when the crypto market is still in its nascent stages.
Tether is a popular stable coin issuer that offers a digital currency that is pegged to the US dollar. It allows traders and investors to trade cryptocurrencies without worrying about the volatile fluctuations in the prices of the underlying assets. USDT has long been the most popular stable currency in the crypto world and is used by many exchanges and traders.
The issuance of these additional USDT tokens is significant for several reasons. Firstly, it indicates that the demand for stable currencies remains high in the crypto market. Secondly, it suggests that Tether is confident about the prospects of the wavefield network and sees it as a viable platform for its stable currency. Thirdly, it underscores the growing importance of stable currencies as a pillar of the digital asset industry.
The wavefield network, which was launched in 2018, is a decentralized blockchain platform that aims to build a more efficient and cost-effective blockchain ecosystem. It has attracted attention from crypto enthusiasts and investors for its unique features such as a high-speed consensus algorithm and a robust smart contract platform. Tether’s decision to issue its USDT tokens on the wavefield network is likely to boost the platform’s credibility and attractiveness to users.
It should be noted that Tether has faced scrutiny and criticism in the past over the transparency and backing of its USDT tokens. The company has repeatedly claimed that each USDT token is backed by one US dollar held in reserve. However, there have been doubts over the true status of the reserves and the extent to which they match the number of USDT tokens in circulation.
In conclusion, the issuance of 1 billion USDT tokens on the wavefield network by Tether is a significant development that underscores the growing importance of stable currencies in the crypto market. It indicates strong demand for stable currencies and suggests that Tether is bullish about the prospects of the wavefield network as a platform for its digital currency. However, the move is likely to attract scrutiny and criticism from those who question the transparency and backing of Tether’s USDT tokens.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/7251.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Compute North gets final approval for restructuring plan
It is reported that a federal judge approved the final restructuring plan of Compute North, a virtually dissolved cryptocurrency mining service company, which …
-
Significant BTC Transfers Between Unknown Wallets and Coinbase
According to reports, data monitoring shows that 2028 BTCs were transferred from unknown wallets to Coinbase at 06:25 today, with a value of about US $49.25 mi…
-
Natural Gas Transfer Without Payment Taints US Public Land
It is reported that according to a report issued by the US government regulatory agency on Wednesday, some oil and gas drilling companies operating on the US p…
-
A-share closing: Shenzhen Blockchain 50 Index up 0.25%
According to the news, the A-share market closed at 3393.33 points, with the Shanghai Composite Index rising 0.23%, the Shenzhen Composite Index closing at 11860.4 points, with a c
-
The Decrease in Number of Addresses Holding At Least 100 Bitcoins: Is It a Cause for Concern?
According to reports, Glassnode data shows that the number of addresses holding at least 100 Bitcoins is 15785, a four month low.
The number of addresses holding at least 100 BTCs -
Artificial Intelligence Big Model Technology Summit Forum: ChatGPT’s Shortcomings & Solutions
On April 8th, it was announced that the main forum of the \”Artificial Intelligence Big Model Technology Summit Forum\” hosted by the Chinese Artificial Intelligence Society opened i
-
L’Oréal Professionnel Launches Five Metaverse Hairstyles to Express Yourself
According to reports, French beauty brand L\’Or é al Professionnel has announced that its metaverse department, L\’Or é al Professionnel, has launched five metaverse hairstyles speci
-
**Safemoon’s Security Incident: CEO Claims Protocol is Secure**
as report goes, John Karony, CEO of Safemoon for DeFi Protocol, said on Twitter: \”The SFM: BNB LP pool is affected by this security incident, and other LP pools on DEX have not bee
-
SEC Chairman Considers Mortgage Agreement Tokens as Securities
According to reports, Gary Gensler, chairman of the Securities and Exchange Commission, advised reporters on Wednesday that tokens using mortgage agreements can be considered securities under U.S. law. Gensler said, “The investing public is investing in expected returns, expecting something from these tokens, regardless of whether they are proof of equity tokens. They also want to receive returns from these proof of equity tokens and receive returns of 2%, 4%, and 18%.” SEC Chairman: Tokens using mortgage agreements can be considered securities Analysis based on this information:In recent news, Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), mentioned that tokens using mortgage agreements can be classified as securities under the United States law. This statement was given to reporters on Wednesday during a press conference. Gensler argued that investors who put money into tokens based on mortgage agreements do it with the expectation of getting some returns, regardless of whether they are proof of equity tokens. This…
-
Meta Platform to Divest Kucustomer to Refocus on Core Business
According to reports, Meta Platform and people familiar with the matter said that the company planned to divest Kucustomer, a commercial software company acquir