250,000,000 #USDT (250,549,969 USD) minted at Tether Treasury
Tx: https://whale-alert.io/transaction/tron/626054ef0521b70ae8cf8c83b17134f605051ed87469d7692e09d54d9ceea4a5 …
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Replying to @whale_alert
PSA: 250M USDt inventory replenish on Tron Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests.
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I keep asking the same question, but no satisfactory answer.
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Paolo Ardoino Retweeted Paolo Ardoino
Explained many times Examplehttps://twitter.com/paoloardoino/status/1237679966306828288?s=19 …
Paolo Ardoino added,
Paolo ArdoinoVerified account @paoloardoino
authorization security model
1/2 Authorizing on a chain means that Tether signers needs to access private keys. We don't want signers to access those keys so frequently (many times per day). That's why we do a bulk authorization to replenish the inventory. https://twitter.com/lunato1000/status/1237660604065693696 …
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2:47 PM - 1 Aug 2020
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