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Tether Mints 5 Billion USDT Tokens on TRON Network Due to Decimal Mistake

Published 07/15/2019, 08:15 AM
Updated 07/15/2019, 09:21 AM
 Tether Mints 5 Billion USDT Tokens on TRON Network Due to Decimal Mistake

A rather shocking transaction that created 5 billion Tether (USDT) turned out to be an error, though it still shook the market. The intention of Tether, Inc. was to create an additional 50 million tokens to transfer to the TRON network.

Subsequently, the extra USDT was burned, while blaming the error on the TRON network and problems with decimal numbers. The total supply on the TRON network remains around 87.9 million.

USDT tokens have been moving to the TRON network, with the intention to offer a faster, cheaper way to transfer stablecoins. The issuance of new USDT will also arrive with an incentive program s...

This article appeared first on Cryptovest

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