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Tether Inventory Replenishment on Ethereum Network | Flash News Detail | Blockchain.News

Tether Inventory Replenishment on Ethereum Network

12/12/2024 4:35:02 PM

Tether Inventory Replenishment on Ethereum Network

According to Paolo Ardoino, Tether has authorized a replenishment of 1 billion USDt on the Ethereum Network. This transaction is authorized but not yet issued, indicating that the amount will serve as inventory for future issuance requests and chain swaps. This move is significant for traders as it suggests Tether is preparing for increased demand or operational needs on the Ethereum blockchain. (Source)

Ethereum Tether USDT Paolo Ardoino

More from Paolo Ardoino (@paoloardoino): Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,