Tether (USDT), the world’s largest stablecoin issuer, has printed 1 billion USDT on the Ethereum (ETH) network.
Whale Alert, which follows high-balance wallets, published on his Twitter account on June 12. in the shipmentTether 12 June 10:56 CET as of Ethereum in your network 1 billion USDT printed announced.
Tether CTO Paolo Ardoino published on social media on the subject. in the statementa process inventory replenishment that it represents authorized however not exported stated that. CTO, printed USDTs future export requests And network swaps for in inventory He said he would be kept.
In addition to his statement on social media, in his statement to the press, Ardoino made the following statements:
Tether periodically works with third parties (exchanges, hedge funds, etc.) to help stabilize the liquidity of their USDT on different networks. For example, when exchanges support USDT on more than one network, they may need to make withdrawals on another network (e.g. Ethereum) while their current liquidity accumulates on one network (e.g. TRON). That’s why the third parties involved want to continue the network swap.
past April in Tether inventory replenishment for the purpose of 1 billion USDT pressed reminded.