Tether Mints $1 Billion USDT on Ethereum, 11 Billion in 30 Days
Tether Treasury mints an additional 1 billion USDT on Ethereum, bringing the total minted in the past 30 days to 12 billion, as demand for the stablecoin continues to grow.
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Summary
Tether Treasury minted 1 billion USDT on Ethereum, bringing the total USDT minted over the past 30 days to 12 billion. This highlights ongoing high demand for USDT and Tether's significant role in the digital asset ecosystem.
Terms & Concepts
- USDT (Tether): A widely used stablecoin pegged to the US dollar, issued by Tether to facilitate digital transactions without volatility.
- Minting: The process of creating new cryptocurrency tokens or coins, which are then added to the circulating supply.
- Ethereum: A decentralized blockchain platform that supports smart contracts and hosts numerous cryptocurrencies, including tokens like USDT.