Tether mint 1 billion USDT on Ethereum
Stablecoin issuer Tether has minted 1 billion USDT tokens on Ethereum, capitalizing on market upswing on hopes that the SEC may approve an Ethereum Spot ETF this week.
As of May 21, USDT on Ethereum was worth a total of 87.8 million USD. Over the past year, Tether's market capitalization has grown significantly, surpassing $110 billion and accounting for about 70% of the stablecoin market.