Tether Mints Billions in USDT So Far in 2023, Over Half of Total Supply, With Plans for More Future Growth
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Tether minted 4 billion USDT in the past 4 weeks across Ethereum and Tron networks, making up over half of total supply in 2023.
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Tether CTO said latest 1 billion mint was for inventory and future issuance requests.
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Tether has minted 22.75 billion USDT so far in 2023, with 57% on Tron blockchain.
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In March 2023, Tether minted 9 billion USDT plus 3 billion the month before.
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Tether CEO announced 5 new projects coming in 2024 that could replace popular centralized Web 2 services.