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International Business Times
International Business Times
Business
Nica Osorio

Tether Mints 'Authorized But Not Issued' $1B USDT To Replenish Inventory

Tether Paolo Ardoino Ethereum
Pay with Tether (Credit: YouTube Screenshot/Tether Official YouTube Channel)

KEY POINTS

  • Tether Treasury minted a sizable amount of USDT on Monday
  • It was for an "inventory replenish," said CEO Paolo Ardoino
  • Tether made a similar move in September when it minted 1 billion USDT

Tether, issuer of the world's largest stablecoin by market capitalization of the same name, Tether (USDT), has minted "authorized but not issued" $1 billion in USDT.

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