1 Billion USDT Expansion on TRON Blockchain, Trigger Bitcoin Price Increase?

Bittime - Tether (USDT), the leading USDT stablecoin issuer , has just approved the creation of an additional one billion USDT on the TRON blockchain.

This step sparked the attention of market players because it had the potential to influence the price of Bitcoin.

USDT and Bitcoin (BTC) Price Correlation

This announcement follows a similar expansion two days earlier, which caught the attention of market players and brought stablecoin-influenced crypto assets into focus.

Despite this, Tether has not officially commented on the latest correlation between expansions 

USDT and increased USDT supply.

Check Today's Crypto Market:

USDT: Largest Stablecoin by Market Capitalization

Nonetheless, Coinmarketcap data shows that USDT, backed by $106.2 billion, is the largest cryptocurrency by market capitalization, dominating this space.

Analysts from CryptoQuant point out that there is a strong tendency for Bitcoin prices to increase when the circulating supply of USDT increases.

The USDT supply has been trending upwards by around 30 billion since 2022 to date, coinciding with a significant increase in the price of Bitcoin (BTC).

Concerns about Tether (USDT) Transparency and Stability

However, concerns about the transparency of Tether's reserves and fears of instability remain strong, even after the Wall Street Journal published the results of its investigation.

How to Buy Tether (USDT) on Bittime

You can buy and sell Tether ( USDT ) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Tether (USDT) is available on Bittime with the USDT/IDR market pair . To be able to buy USDT/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Tether ( USDT/IDR ) on Bittime . 

Monitor the price chart movements of Tether ( USDT/IDR) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.