Tether Treasury minted another one billion “authorized but not issued” USDT on Christmas Day, triggering some skepticism from the community.
Tether, the operator of the world’s largest stablecoin, the eponymous Tether (USDT), has minted another billion USDT, which is “authorized but not issued,” according to CEO Paolo Ardoino.
Blockchain tracking platform Whale Alert took to X (formerly Twitter) on Dec. 25 to alert users that Tether Treasury had minted one billion USDT ($1 billion).
Tether CEO Ardoino subsequently responded with a public service announcement in the Whale Alert’s X thread, stating that the transaction was an “inventory replenish” on the Ethereum blockchain.
