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Tether Mints Additional $1 Billion in USDT

The latest minting increases the circulating supply of the stablecoin, reflecting continued demand in the cryptocurrency market.

USDT

Summary

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Terms & Concepts
  • USDT (Tether): A widely used stablecoin pegged to the value of the U.S. dollar, designed to maintain a 1:1 value ratio.
  • Minting: The process of generating new tokens or coins on a blockchain, in this case creating additional USDT supply.