According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.
Tether minted $1 billion in Tether-US dollar (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.
The analytics platform highlighted the November 14 transaction from a “black hole address” on Tron to Tether’s multi-signature wallet beginning with the characters “TBPxh.”
Onchain records also show that almost immediately after the $1 billion USDt was sent to Tether’s multi-signature wallet, the funds were transferred to the stablecoin firm’s Treasury, and this transaction likewise featured zero fees.
