Tether Mints $2 Billion USDT on Ethereum, Bolstering Liquidity for Trading

Tether has completed the minting of $2 billion in USDT on the Ethereum blockchain, marking an important step for its stablecoin dominance. This move is part of routine inventory management by Tether CEO Paolo Ardoino and serves as a crucial component for future swaps with Binance. While not immediate, this mint strengthens Tether’s liquidity pool, impacting trading volumes across Bitcoin and Ether markets.