Tether's $1 Billion USDt Inventory Replenishment on Ethereum | Flash News Detail | Blockchain.News

Tether's $1 Billion USDt Inventory Replenishment on Ethereum

11/19/2024 7:37:34 PM

Tether's $1 Billion USDt Inventory Replenishment on Ethereum

According to Paolo Ardoino, Tether has replenished its inventory with $1 billion USDt on the Ethereum Network. This transaction is authorized but not yet issued, indicating that the funds will serve as inventory for future issuance requests and chain swaps. This move could potentially impact liquidity and trading strategies for Ethereum-based USDt. (Source)

Ethereum Tether USDT Paolo Ardoino

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