Blockchain
Tether Approves 1 Billion USDT Expansion on TRON Blockchain
Tether, the top stablecoin issuer with USDT, has recently approved the creation of an additional one billion USDT on the TRON blockchain.
This announcement follows a similar two days, which concerns market participants and makes the cryptocurrency influenced by stablecoin the focus.
However, USDT has to be officially mentioned by Tether related to the most recent correlation between USDT expansion and the increases in its supply.
However, Coinmarketcap data suggests that the USDT, backed by $106.2 billion, is the biggest crypto by capitalization, hence taking total control of this space.
The analysts from CryptoQuant show a strong tendency for Bitcoin prices to grow when the circulating supply of USDT increases. The USDT supply was on an upward trend of about 30 billion from 2022 until now, when the multi-fold hikes in the cost of BTC were noticed.
However, concerns about transparency regarding reserves and fears of instability persist strongly, even after the Wall Street Journal published the results of its investigation.
Source: cryptotimes.io
The post Tether Approves 1 Billion USDT Expansion on TRON Blockchain appeared first on HIPTHER Alerts.
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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