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10 Mln USDT-Tron Added to 160-Mln Supply in Just Two Days, Justin Sun Hints It May Hit 200 Mln Soon

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    Tron CEO Justin Sun announces that more people ‘are in favor’ of USDT-TRON and expects the current supply of the stablecoin to surge to 200 mln soon

Cover image via www.youtube.com

On October 11, the Tron founder Justin Sun shared with the community data that shows the rise of the total supply of the USDT stablecoin issued on Tron. At the moment it totals 170 mln with 10 mln added in just two days.

More people prefer to use Tron for their USDT, says Justin Sun and offers the community to guess, when this 170 mln will grow to 200 mln.

Meanwhile, the original USDT issuer, Tether Ltd, and its partner the Bitfinex exchange have recently scored their first goal in the victory over the New-York Attorney General (NYAG). As reported by U.Today previously, the judge from New York, Joel M. Cohen, has ruled that Tether and Bitfinex are not obliged to collect documentation regarding their $850-mln cover-up of the funds lost earlier this year and file it to the NYAG.

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The Tether ‘cash printer’ keeps working, issuing another 20 mln USDT yesterday, on October 10.

Let us know what you think of the prospects of USDT-Tron in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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