Tether has minted $2 billion in USDT on the Ethereum network while injecting millions of the stablecoin into top-ranking exchanges.

Bullish momentum further engulfed the crypto market as Whale Alert pointed to a positive move by leading stablecoin issuer Tether. The company just minted $2 billion on the Ethereum network, a few days after minting $1 billion on the Tron blockchain.

However, Tether CEO Paolo Ardoino clarified sentiments around the latest development, noting it is different from its normal USDT deployment activities. Ardoino referenced a tweet from Tether’s official handle explaining what the stablecoin issuer aims to achieve with the Wednesday USDT mint on the Ethereum network.

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