Tether, the world’s largest stablecoin issuer, has minted an additional 1 billion USDT through its treasury.
This minting has sparked significant discussion within the cryptocurrency community about its potential impact on the market, particularly for Bitcoin (BTC).
Tether’s CEO, Paolo Ardoino, clarified on X (formerly Twitter) that this issuance was for “inventory replenishment” and was an “authorized but not issued transaction.”
PSA: 1B USDt inventory replenish on Tron 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.https://t.co/UElLZdjhMD
— Paolo Ardoino 🤖🍐 (@paoloardoino) May 16, 2024
Market dynamics and historical context
The latest minting follows Tether’s previous issuance on April 16, which occurred during a period of market liquidity drain.
Over the past year, Tether’s treasury has minted a substantial 31 billion USDT
We współpracy z: https://finbold.com/bitcoin-surge-incoming-tether-mints-another-1-billion-usdt/
