Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is said to “replenish” its inventory in anticipation of a surge in demand.
The minting occurred on Dec. 25 and was first reported by Whale Alert on social media. The mint was confirmed by Tether CEO Paolo Ardoino shortly after, who wrote on X:
“PSA: 1B USDt inventory replenish on Ethereum Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.”
Restocking
Inventory replenishment involves restocking supplies in anticipation of customer demand. In Tether’s context, it refers to the creation of new USDT tokens that are kept in the Tether treasury. These tokens are considered “authorized but not issued,” meaning they are not yet circulating or contributing to USDT’s current total market cap.
Data from the Tether Transparency page indic
We współpracy z: https://cryptoslate.com/tether-mints-1b-new-non-circulating-usdt-to-replenish-inventory/
