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Tether Treasury Mints $1 Billion USDT on Ethereum Network, Confirms CTO Paolo Ardoino

Cointime Official

April 21 (Cointime) - Tether Treasury has minted 1 billion USDT (equivalent to $1.004 billion USD) on the Ethereum network, according to Whale Alert.

Paolo Ardoino, the CTO of Tether, clarified in a reply that this is an authorized but not issued transaction, indicating that the funds will be used as inventory for the next period issuance requests and chain swaps.

Tether USDt Tether USDt $1.00
-0.05%
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