Tether Adds 1 Billion USDT to Ethereum Network

According to BlockBeats, on March 3rd, data from Whale Alert revealed that Tether has issued an additional 1 billion USDT on the Ethereum network. Tether CEO Paolo Ardoino explained that this issuance of 1 billion USDT serves as a replenishment of the Ethereum network's inventory. This authorized but unissued transaction indicates that the newly minted tokens will be used for the next issuance request and inventory for cross-chain exchanges.

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