Tether Mints 2 Billion USDT on Ethereum

BlockBeats News, November 6, according to Onchain Lens monitoring, Tether has minted 2 billion USDT on the Ethereum network and transferred 500 million USDT to Binance in the last 30 minutes.

BlockBeats previously reported that the stablecoin issuer Tether issued a statement stating that in the next few hours, Tether will coordinate with third-party trading platforms to conduct on-chain conversions, converting some of its USDT cold wallet holdings from different blockchains to ETH-based USDT. During this process, the total supply of USDT will remain unchanged.