Tether mints 1 billion authorized but unissued USDT on the Ethereum network
Blog icon10USDT
Mar 4
Whale Alert monitoring data shows that Tether Treasury newly minted 1 billion USDT. Tether CEO Paolo Ardoino said that the 1 billion USDT is a supplement to the Ethereum network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and inventory for cross-chain exchanges.

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