Tether has "printed" 1 billion USDT, the first in September. The previous two (!) were "printed" on August 20.
According to Whale Alert, the new billion was printed on the#Ethereumblockchain.
Dynamics for 2024:
- September 2024 - so far 1 billion #USDT.
- August 2024 - 3 billion #USDT.
- July 2024 - 1 billion #USDT.
- June 2024 - 1 billion #USDT.
- May 2024 - 2 billion #USDT.
- April 2024 - 5 billion #USDT.
- March 2024 - 6 billion #USDT.
- February 2024 - 2 billion #USDT.
- January 2024 - 5 billion #USDT.
Total +26 billion#USDTfor 2024.
Traditional commentary from#TetherCEO Paolo Ardoino on the “print” says that this is again “liquidity for growth”:
“… Note that this is an authorized but not issued transaction, meaning that this amount will be used as reserves for next period’s issuance requests and network swaps”