{"id":49524,"date":"2023-06-12T13:20:18","date_gmt":"2023-06-12T13:20:18","guid":{"rendered":"https:\/\/lydian.io\/?p=49524"},"modified":"2023-06-12T13:20:19","modified_gmt":"2023-06-12T13:20:19","slug":"tethers-cto-clarifies-that-the-1-billion-usdt-mint-on-ethereum-is-for-chain-swaps","status":"publish","type":"post","link":"https:\/\/lydian.io\/tethers-cto-clarifies-that-the-1-billion-usdt-mint-on-ethereum-is-for-chain-swaps\/","title":{"rendered":"Tether's CTO clarifies that the $1 billion USDT mint on Ethereum is for chain swaps","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Tether minted a contemporary batch of its $1 billion Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The newest multi-billion greenback mint for the stablecoin issuer comes inside two months of the final mint on April 21.<\/p>\n
Tether's Chief Expertise Officer Paolo Ardoino took to Twitter to make clear that the most recent USDT minting is a part of what the corporate calls \"inventory replenishment\" on the Ethereum community. Nevertheless, the latest issuance won't influence USDT's complete market cap because the latest issuance is an \"approved however unspent transaction.\" Based on Ardoino, the final quantity minted shall be used as stock for the subsequent interval of spend requests and chain swaps.<\/p>\n
PSA: USDt 1bn stock replenishment on the Ethereum community. Word that that is a certified however unspent transaction. Because of this this quantity shall be used as stock for concern requests and chain swaps within the subsequent interval.https:\/\/t.co\/Y1bqxZglgR<\/a><\/p>\n