Tether Issued 4B USDT on Tron and Ethereum Networks: Report
Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month.
Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT on the Tron blockchain on November 10. This occurrence is a recent example of the stablecoin maker’s growing printing exercises.
Reacting to the report, Tether’s chief technology officer (CTO) Paolo Ardoino stated that the $1 billion USDT is an inventory replenishment on the Tron blockchain.
Ardoino explained that the stated amount is authorized but not issued, meaning that it would be used as an inventory for the next period of issuance requests and chain swaps.
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.
— Paolo Ardoino
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