Stablecoin issuer Tether minted 1 billion USDT tokens on Ethereum, capitalizing on market upswing on hopes that the SEC might approve the fund
Ethereum ETF Spot 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.
