Tether Increases Supply of 1 Billion USDT on Ethereum Network (Authorized but Not Issued)
On February 21st, according to data from Whale Alert, Tether issued an additional 1 billion USDT on the Ethereum network. Paolo Ardoino, the CEO of Tether, stated that this issuance of 1 billion USDT serves as a replenishment for the inventory on the Ethereum network. This transaction has been authorized but not yet issued, indicating that this increase in supply will be used for future issuance requests and cross-chain exchanges.
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