TRX Slides 2.82% as Tether Mints $1B USDT on TRON Amid Market Volatility and Robust Trading

TRXUSDT experienced a 2.82% price decrease over the last 24 hours, with the current Binance price at $0.2961 and a 24-hour open of $0.3047. The decline follows a period of increased trading activity and notable events, including Tether minting $1 billion USDT on the TRON network, which led to heightened market attention and volatility. Regulatory scrutiny after a money laundering case involving USDT on TRON, along with Tether freezing $182 million USDT, may have contributed to negative sentiment and selling pressure. Despite these developments, TRON saw integration with Blockaid for on-chain security, MetaMask support, and steady on-chain activity, with 24-hour trading volume remaining robust across exchanges. The circulating supply stands at approximately 94.71 billion TRX, and market capitalization estimates range from $24.77 billion to $30.29 billion, reflecting sustained interest but cautious market sentiment.