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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

  • Yuri Molchan
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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

10 Mln USDT-Tron Added to 160-Mln Supply in Just Two Days, Justin Sun Hints It May Hit 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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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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