BlockBeats Latest News! This morning at 6:08, Tether Treasury minted 2 billion USDT on Ethereum! 😲 Doesn’t that number seem a bit shocking?

However, don’t rush to exclaim "Oh my, the market is going to change!" Tether's CEO Paolo Ardoino has come out to explain. This minting is actually an authorized but unissued transaction, simply put, it’s inventory set aside for future issuance requests and on-chain exchanges. It’s like stocking up on snacks at home, ready to be used at any time.

This minting action has attracted quite a bit of attention in the cryptocurrency market. Some may ask, will this have any impact on the market? In fact, this kind of operation is not uncommon in the industry; it’s more of a routine liquidity management tool. How the market reacts will depend on the subsequent specific issuance and usage.

Of course, everyone has their own opinions on the dynamics of the cryptocurrency market. What changes do you think this minting will bring to the market? Feel free to share your views in the comments and discuss with other friends! Whether you are an old hand in the crypto circle or a newcomer, we look forward to hearing your voice!