Tether Adds 1 Billion USDT to Ethereum Blockchain

Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
Back Icon Image

According to Golden Finance, Whale Alert has monitored that Tether Treasury has minted an additional 1 billion USDT on the Ethereum blockchain around 1:50 PM Beijing time today.

Tether CEO Paolo Ardoino stated that this is an authorized but unissued transaction, signifying that it will be used as inventory for future issuance requests and on-chain swaps.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.