coinputin.com – Tether Treasury printed approximately a quarter of a billion dollars in USDT, according to Whale Alert data.
Today, Tether Treasury printed $ 201,747,631 in USDT, according to data from Blockchain tracker Whale Alert. This figure is equivalent to 200,000,000 USDT.
Tether CTO Paolo Adoino, who made a statement on the subject, said::
“200 million USDT inventory has been renewed on the Ethereum network. Note that this is an authorized but unregulated transaction, which means that this amount will be used as inventory for subsequent regulatory requests.”
As is known, printing USDT is often associated with the price of Bitcoin. Although the reason for this relationship is unclear, we can see that the cryptocurrency community still believes this view in the comments posted under Whale Alert.
Tether, meanwhile, is 4 per market value at the time of writing. it was the largest cryptocurrency.