Tether Treasury Boosts Currency Supply with 1 Billion USDT on Ethereum Network
Tether enhances market stability, minting 1 billion USDT on Ethereum, with CEO Paolo Ardoino ensuring transparency and earmarking funds for future demand.

Tether enhances market stability, minting 1 billion USDT on Ethereum, with CEO Paolo Ardoino ensuring transparency and earmarking funds for future demand.
Tether invests in the Academy of Digital Industries, Georgia, enriching education with blockchain and digital technology expertise.
Tether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
The statement was released in response to reports that Genesis Global and the Gemini exchange have stopped allowing withdrawals.
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment.
At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin's dominance is coming to an end.
The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.
Established stablecoin trading pairs have been working hard to maintain stability on cryptocurrency exchanges around the world. Here's an update as things develop.
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche.
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.