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.
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.
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.
- 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.