The Tether Treasury transferred 1 billion USDT to the cryptocurrency exchange HTX after minting new tokens on the TRON network.
USDT Transfer to HTX
On-chain data revealed that Tether, the USDT issuer, transferred 1 billion USDT to the Asian cryptocurrency exchange platform HTX. This move followed the minting of an additional 1 billion USDT on the TRON network.
Justin Sun's Support for the Move
TRON founder Justin Sun hinted at a 'TRON season,' expressing confidence that the two biggest exchanges in the world were about to start one. In his tweet, he announced a new incentive program on the HTX exchange.
Tether's Past Minting
Previously, the Tether treasury minted an additional 1 billion USDT on the Ethereum network in February, recorded on the Ethereum blockchain. Paolo Ardonio, the CEO of Tether, clarified that the move aimed to replenish inventory on the Ethereum network.
The current and previous actions by Tether, involving these transfers, are likely to impact trading volumes, including on TRON, fostering interest in these platforms for future transactions and projects.
