Tether Engages in Large-scale Issuance and Redemption of USDT
Publication Time:2024-09-05 13:01:07
Recently, the globally recognized stablecoin issuing institution, Tether, has demonstrated flexibility and liquidity in its market strategy. According to ChainArgos' data, Tether conducted notable USDT (Tether) issuance and redemption operations yesterday. Specifically, Tether issued $23 million worth of USDT to meet market demand or adjust its reserve structure. Subsequently, Tether redeemed $11 million worth of USDT, reflecting its active operation in the cryptocurrency market and precise control over market liquidity. These operations are significant for the healthy development of the stablecoin market and the entire cryptocurrency ecosystem, highlighting the role and responsibility that Tether, as one of the major stablecoin issuers, plays.
USDT
Issuance
Tether
Cryptocurrency Market
Redemption