Tether mints $1B new non-circulating USDT to ‘replenish inventory’
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...