According to Odaily, Arkham monitoring revealed that Tether minted 1 billion USDT on Ethereum today at a cost of just 46 cents. Official data from Tether indicates that as of the time of reporting, the net circulation of USDT stands at $118,785,164,536.89. Earlier today, at 13:50:47 UTC+8, Tether Treasury minted the 1 billion USDT on the Ethereum blockchain. Tether CEO Paolo Ardoino commented that this is an authorized but unissued transaction, intended to be used for future issuance requests and on-chain exchanges.