What does it mean to issue an additional USDT on the USDT chain (where did the additional USDT go?)

08/04/2023 20:12 • Metaverse & Beyond • 45 views

<img src='https://img.doulai.com/pic/enpic.php?k=usdt What does an on chain issuance mean? Imgalt=usdt What does an on chain issuance mean? Images}

What does an on chain issuance mean? What does an on chain issuance mean Usdt is commonly referred to as “new issuance” in transactions, which is used to reduce the number of blocks sent to the wallet. Due to the fact that miners on the Bitcoin network believe that USDT is a secure way to store and transmit assets, users can transfer Bitcoin to other digital currencies (such as ETH, USDT, etc.) without the need for third-party custodians to handle these funds. So USDT is a microcosm of this approach Adding 1 BTC or 10 USDTs to the system is equivalent to a new account balance or a newly created new address. However, if more people use this account, the transaction may not continue

Where has the additional USDT gone?

Editor’s note: This article is from BlockBeats (ID: 0xCOCC), and is reprinted by the Daily Planet with authorization USDT has issued additional shares, why is this happening? What is the root cause of all this? According to the latest data, usdt has been transferred from USDT to Ethereum and Coinsecurity smart chain In the past two months, the value of USDT has increased by nearly $100 million (as of June 2). At present, the total lockdown volume of USDT is about $1 billion

The money was left in cold storage, which led to the increasing demand for normal operations or the use of Stablecoin to purchase goods and services, thus affecting the price of USDT, which plummeted to nearly zero. Therefore, this problem seems to be unsolved. But can USDT really be used as a currency? If we consider it as a payment method, its transaction speed will be very fast, and it may even take several hours to complete, but this also means that this transfer will not be as laborious as before; On the contrary, as the encryption market matures, this demand will continue to grow; So it is unclear whether USDT can become a safe and reliable market.

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What does it mean to issue an additional USDT on the USDT chain (where did the additional USDT go?)

Where has the additional USDT gone?

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