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On December 7, COINOTAG News reported that Tether Treasury has increased its supply by minting 2 billion USDT on the Ethereum blockchain at 4:26 AM Beijing time. This strategic move was confirmed by Tether’s CEO, Paolo Ardoino, who emphasized that the newly minted USDT serves as a replenishment for the company’s inventory. Such transactions are characterized as authorized but unissued, indicating these tokens are held in reserve for potential future issuance requests. This operational strategy aligns with Tether’s commitment to maintaining liquidity and ensuring that adequate stablecoin supply is readily available for market demand and chain swaps. As the cryptocurrency landscape evolves, Tether continues to play a crucial role in providing stability within the sector, reinforcing its position as a leading issuer of digital currencies.
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