Tether Treasury mints 1 billion USDT on the Ethereum network
According to Whale Alert monitoring, at 22:17 Beijing time, Tether Treasury minted 1 billion USDT on the Ethereum network. Paolo Ardoino, CEO of Tether, stated that this issuance of 1 billion USDT is a replenishment of inventory on the Ethereum network and represents an authorized but unissued transaction. This means that the increased supply will be used for future issuance requests and cross-chain exchange inventory.
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Data: In the past 24 hours, total liquidations across the network reached $268 millions, with long positions liquidated for $174 millions and short positions liquidated for $93.5061 millions.
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