1 Billion USDT Minted by Tether Treasury on Ethereum Network

Tether Treasury’s Latest Transaction

Details of the Transaction

Recent monitoring by Whale Alert revealed that Tether Treasury minted a substantial 1 billion USDT on the Ethereum network in the early hours of the morning.

Statement from Tether CEO Paolo Ardoino

Explanation of the Transaction

CEO Paolo Ardoino confirmed that this was an authorized but unissued transaction. The newly minted USDT will be held in reserve for future issuance requests and on-chain exchange purposes.

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