additional issueadditional issueIt will affect the price of BTC. Everyone has heard of it more or less, so the issuance data of USDT has always attracted more attention.
Since this data is so important, where can I look at it?
The most traditional way is to see Tether officialPublicity (transparency)image description
There is not even a Chinese version
To be honest, I was really confused at first glance, it was not what I thought. I thought it would be human, but it wasnt.
Not only does it not speak human language, but it is also updated (too slow) data on a daily basis. Why do you think you are transparent? ? Who gave the courage!
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The process of USDT issuance
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After making money after a round of speculation, if you want to exchange USDT back to USD, it is actually the reverse process of exchange. Return the USDT in the account to Tether, and then Tether will return the corresponding fiat currency (Fiat) to your fiat currency account.
Detailed explanation of USDT issuance process
The above process is not enough to explain how USDT is issued and redeemed on the chain, so we will understand it this time.
The issuance process of USDT actually consists ofPrinting (Authorized) and issuing (Issue)Composed of two steps, the way to print money on the chain is to put a huge amount of USDT into the bank at one time.Tether Foundation Address (Tether Treasury). The foundation address will then transfer USDT to the exchange or other buyer addresses. This process is issuance.
The part of USDT that has been entered into the foundation address but has not been transferred out is called unissued (Authorized but not issued), and this part of USDT is not actually in circulation. So we see that in the balance sheet, the unissued portion is subtracted.
Liquidity Calculation
After understanding the above terms, we know how to calculate the circulation of USDT
Circulation = Printed - Unissued
We can see that except for the Omni chain in the balance sheet, the USDT circulation of other chains is calculated in this way. Calculate and add the USDT circulation issued by each chain to calculate the total USDT circulation. The current number is 3.454 billion.
Then the special one on the Omni chainQuarantined Tetherwhat is it then?
It is a temporary hard fork. Tether was hacked in 2017, and 3.1 million USDT was transferred out of the foundation wallet. This part was finally frozen by Tether, so it is not included in the circulation.
Small problem: Tether’s segregated amount declared in 2017 was 30,950,010, but the actual subtracted amount in the balance sheet is 31,304,655, and 354,645 USDT has been added. Readers, if you know why there is an extra 350,000 USDT, please tell Tokenview~
OK, friends who read here must have a basic concept of USDT’s issuance and circulation, and they must also be able to understand USDT’s balance sheet.
So where did the USDT issued on the chain go?
Does it have anything to do with the currency price, and how does it affect it? ?
I look at Tethers balance sheet too hard, cant I say something human? ?？
……
