minted a brand new $1 billion batch of Tether (USDT) stablecoin on the blockchain June 12. The most recent billion-dollar mintage for the stablecoin issuer comes inside two months of its final minting on April 21.
Paolo Ardoino, Tether’s chief expertise officer, defined on Twitter that the most recent USDT coinage is a part of what the corporate calls a “inventory replenishment” on the Ethereum community. Nevertheless, the most recent issuance is not going to have an effect on the general market cap of USDT, as the most recent minting is an “licensed however not issued transaction”. Based on Ardoin, the most recent minted quantity might be used as a reserve for the subsequent interval of issuance requests and on-chain swaps.
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