Tether mints $2 billion in USDT as supply reaches a record-breaking $160 billion

  • Tether, the world's largest stablecoin issuer, minted an additional $2 billion USDT on July 16 on the Ethereum blockchain. Tether CEO Paolo Ardoino confirmed the mint via a post on X, clarifying that the new mints were an “inventory replenish” on Ethereum.