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

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.

PSA: 1B USDt inventory replenish on Ethereum Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.
— Paolo Ardoino 🍐 (@paoloardoino) April 20, 2023

Tether USDt $1.00

+0.04%

Ethereum

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

All Comments

Recommended for you

1,006 bitcoins were transferred from the Kraken exchange.

The US spot Ethereum ETF saw a net outflow of $55.6 million yesterday.

The US spot Bitcoin ETF saw a net inflow of $238.02 million yesterday.

WLFI reserve firm ALT5 Sigma to be investigated for violating SEC disclosure requirements.

BTC briefly fell below $83,000

The S&P 500 and Nasdaq indices once hit new lows in more than two months.

Federal Reserve's Williams said a rate cut is possible "in the near future," prompting traders to increase their bets on a December rate cut.

BTC breaks through $84,000

Polymarket predicts the probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 61%.

Traders expect a greater than 50% probability of a Federal Reserve rate cut in December.

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