Tether will announce another 1 billion TRON! The market price of USDT and USDC has reached an all time high.

According to a report by cell phone tracking platform Whale Alert last Saturday (4th), the Tether company announced an additional USDT 1 billion in TRON (TRX). Tether Ardoino's Chief Technology Officer (CTO) announced the response: TRON is adding $ 1 billion in inventory. As this is a deal but has not been released, the funds will be used for the next application and the exchange of goods on the chain.

When the USDT amount was sent, the company explained that it had been agreed but not released, stating that all announcements remained unchanged, but according to Glassnose data, over 32.5 USDT were reported. Last month, it reached 100 million USDT, bringing its total market value to a record high of 75.5 billion USD.

We see that the marketing of these companies entered the market very quickly. In this case, it is also a concern for traders to think that there are not enough assets to provide the USDT.

Additionally, some netizens have pointed out that this is a volatile exchange. As the economy slowed, human demand for the US dollar increased, pushing the USDT a few principles higher than usual. In this case, the grandes écoles can buy for $ 1 in Tether and sell for a higher price on the open market ...

Disclosure of new financial information

As of September 30 of this year, Tether Holdings' total assets were worth at least $ 69.1 billion, according to the latest transparency report released by Tether on December 3. This includes about $ 30.6 billion in trade records and certificates of deposit, $ 7.2 billion in cash and bank deposits, about $ 1 billion in short-term loans, and $ 19.4 billion in record.

Independent analyst Bennet Tomlin, who has criticized Tether and cryptocurrency exchange firm Bitfinex, said that despite the new definition of the credit rating agency mentioned in the report, it is released today from the same as some recent evidence.

“Tether has a lot of paperwork. It's unclear where and how to get it. Loans and the use of the income.”

Tether storage resources have always been a hidden concern in the minds of investors. At the end of October of this year, the company was hit by the Celsius crypto lending platform, Bloomberg was never mined in the Wall Street market by US Treasury reserves, and management and control is unknown.

Based on previous data, are some investors worried that Tether might hold Evergrande Group Notes that were broken during the financial crisis? Tether immediately refused to hold Evergrande's debt, but in an interview with Bloomberg Businessweek, Tether's lawyer Stuart Hoegner declined to say whether Tether had any other Chinese business information. This goes so far as to say that most of the company's business data has benefited from the credit rating agencies.

USDC market capitalization hits record high

According to data from CoinMarketCap, the USDC, the second most stable currency by capitalization market, also topped $ 40 billion in advertising, with an announcement of around $ 6 billion last month, the new high.

In total, the current USDC share of Ethereum chain is around $ 35,968,504,296, Solana chain's share is around $ 4,023,611,494, Algorand chain's share is around 401,282,380 dollars. The ad is around $ 7,868.

According to previous data, the rapid growth of USDC can be attributed to the need for DeFi exchange and protocol.