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Tether issues an additional 1 billion USDT on the Ethereum network (authorized but not yet issued)

According to Whale Alert monitoring, Tether increased the issuance of 1 billion USDT on the Ethereum network.

Tether issues 1 billion more USDT on Ethereum

According to Whale Alert monitoring data, Tether has issued 1 billion USDT on the Ethereum network.Paolo Ardoino, CEO of Tether, stated that this issuance of 1 billion USDT is a replenishment of inventory on the Ethereum network. This is an authorized but unissued transaction, meaning that this issuance will be used for the next issuance request and cross-chain exchange inventory.

The market value of USDT exceeded 92.5 billion US dollars, continuing to hit a record high

According to the latest data, the market value of the stablecoin USDT has surpassed $92.5 billion, reaching a new historical high of $92,606,749,494 at the time of writing, as reported by Jinse Finance.

100 million USDT transferred from Tether Treasury to unknown wallet

According to Whale Alert monitoring, at 22:15 today Beijing time, 100,000,000 USDT was transferred from Tether Treasury to an unknown wallet.

In December, USDT’s market share in U.S. dollar stablecoins reached 76%, growing for four consecutive months.

According to The Block Pro data, the stablecoin on-chain transaction volume continued to rise after the December adjustment, reaching $608 billion, an increase of about 1.9%; the supply of issued stablecoins also increased by 0.57% to reach $120.8 billion, with the market share of the US dollar stablecoin USDT reaching 76%, up 1.2 percentage points from November, and has maintained four consecutive months of growth, while the market share of USDC continues to decline to 18.3%. In addition, the total on-chain transaction volume of Bitcoin and Ethereum after adjustment rose by 29.1% during the same period, reaching $328 billion, with Bitcoin's on-chain transaction volume rising by 34.4% after adjustment, and Ethereum's on-chain transaction volume rising by as much as 21.6%.

50 million USDT transferred from JustLend DAO to unknown wallet

According to Whale Alert monitoring, around 16:35 Beijing time today, 50,000,000 USDT were transferred from JustLend DAO to an unknown wallet.

ChainArgos: Tether blacklists 5 Tron on-chain wallets

On January 2nd, according to ChainArgos monitoring, Tether has once again blacklisted 5 Tron wallet addresses:

The total market value of stablecoins is US$130.379 billion, and USDT’s market share reaches 70.32%

According to DefiLlama data, the current total market value of stablecoins is $130.379 billion, with USDT having a market value of $91.68 billion and a market share of 70.32%.

Bitmex founder: Big banks will eventually cannibalize Tether’s business model

Bitmex founder Arthur Hayes discussed the ultimate demise of Tether and other stablecoin companies. Hayes explained that Tether's business model involves acquiring US dollars and investing in government bonds, and when big banks like JPMorgan are allowed to issue fiat-backed stablecoins, they will eventually eat into Tether's market share. Although Tether has positioned itself as an excellent product in the cryptocurrency market, its position is only achieved because the US refuses to provide similar products through the banking system.

Tether Treasury transfers nearly 99 million USDT to unknown wallet

According to Whale Alert, a blockchain data tracking service, on the evening of December 29th around 9:35 PM Beijing time, Tether Treasury transferred 98,901,098 USDT to an anonymous wallet starting with "TT2T17", worth approximately $99,014,112.