Accounts monitoring blockchains for major mints, trades and token transfers have flagged a $1-billion authorization of Tether (USDT) in Tether’s Treasury that is set to provide near-term USDT liquidity for the Tron network.
Blockchain tracker WhaleAlert highlighted the $1-billion authorization on X (formerly Twitter), which drew a quick-fire response from Tether chief technology officer Paolo Ardoino, who said that the USDT tokens would be used as inventory to “replenish” the Tron network.