Paolo Ardoino called the recent 1 billion USDT minting an inventory replenishment.
Over the last year, Tether has steadily released additional USDT stablecoins into circulation.
USDT stablecoin issuer Tether has been steadily minting new USDT tokens, producing 4 billion USDT during the previous month. Whale Alert revealed that on November 10, Tether released another billion Tether on the Tron network.
According to Whale Alert statistics, the most recent USDT minting occurred only a few days after Tether released another 1 billion USDT on Ethereum on November 9. This follows two separate minting of 2 billion USDT on the Tron blockchain on November 3 and October 19.
Inventory Replenishment
Tether’s new chief executive officer and chief technical officer, Paolo Ardoino, made a remark on Twitter over the Whale Alert data, calling the recent 1 billion USDT transaction on the Tron network a “USDT inventory replenish.”
A substantial amount of this year’s total USDT issuance may be att
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