Tether Treasury mints 1 billion new USDT on Ethereum

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ODAILY
08-21
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According to Whale Alert, Tether Treasury minted 1 billion USDT on Odaily. Tether CEO Paolo Ardoino responded that the 1 billion USDT was a supplement to Ethereum's inventory. This was an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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