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Tether Treasury Mints $2 Billion in New USDT on Ethereum Blockchain

Tether Treasury Mints $2 Billion in New USDT on Ethereum Blockchain

According to Whale Alert, Tether has minted 2 billion USDT on the Ethereum network in a single day, highlighting sustained demand for stablecoin liquidity.

ETH
USDT

Fact Check
The statement is strongly supported by a high volume of corroborating evidence. Multiple credible sources (The Defiant, DailyCoin, Cointelegraph, CryptoSlate, etc.) confirm that Tether has minted $2 billion in USDT on the Ethereum blockchain. The evidence indicates this is a recurring event, happening on several different dates. While a few sources mention similar mints on the Tron blockchain, these appear to be separate events and do not contradict the fact that large mints have also occurred on Ethereum.
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Summary

Tether minted an additional 1 billion USDT on the Ethereum network, bringing today’s total issuance to 2 billion USDT, according to Whale Alert. The activity underscores the ongoing demand for stablecoin liquidity in crypto markets.

Terms & Concepts
  • USDT: A stablecoin pegged to the U.S. dollar, issued by Tether. It is designed to maintain a stable value relative to the dollar.
  • Minting: The process of creating new cryptocurrency coins or tokens and adding them to circulation on a blockchain.
  • Stablecoin: A type of cryptocurrency whose value is pegged to another asset, like a fiat currency (e.g., U.S. dollar), to maintain a stable price.