Tether, the world’s largest stablecoin by market capitalization, minted 1 billion USDT tokens on the Ethereum blockchain at Tether Treasuries. Popular blockchain explorer and analytics entity Whale Alert flagged the transaction on 16th September via an X post. Tether’s chief executive officer responded to the post, clarifying the intended purpose for the mint. According to Ardoino, the mint was an authorized transaction meant for inventory replenishment on the Ethereum network. Tether mints USDT tokens on other blockchains such as Tron, Cosmos, and EOS. According to Tether’s transparency website, Ethereum has a total authorized USDT supply of $53.9 billion, with the less authorized valued at $63.5 million. The net circulation of USDT on Ethereum stands at $53.9 billion.Ethereum trails the Tron network, which currently leads the pack with the largest supply of minted USDT from Tether Treasuries. The authorized minted USDT supply on Tron is currently valued at $61.8 billion, according to data from Tether’s transparency website. The authorized but not issued supply accounts for $762 million. The net circulation on Tron is currently $61.03 billion. Source: https://bitcoinmagazine.nl/nieuws/tether-mint-1-miljard-usdt-dit-kan-het-betekenen-voor-de-cryptomarkt Show Less