Tether Mints $1.0006 Billion USDT on Ethereum Amid Abu Dhabi Conference

Dec 11, 2024, 01:40 PM

Tether, a prominent issuer of the stablecoin USDT, has minted 1 billion USDT tokens, valued at approximately $1.0006 billion, at its treasury on the Ethereum blockchain. This action adds to the 20 billion USDT minted on Ethereum and Tron since November 6, 2024. The minting was announced during the Bitcoin Conference in Abu Dhabi, raising speculation about the timing of the announcement.