Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The sale of Chainlink starts: will the retail trade hold the line this time?

2025-05-18

Creator of more than 100 memecoins says that carpet trekkings are the ‘easiest way to earn money’

2025-05-18

B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17

    Top 5 block chains due to 7-day growth in active addresses and transactions

    2025-05-17

    SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

    2025-05-17
  • NFT

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14

    The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Tether coins 1 billion USDT on Ethereum to support chain swaps
Blockchain

Tether coins 1 billion USDT on Ethereum to support chain swaps

2023-06-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Blockchain


Tether, the largest stablecoin issuer, has minted 1 billion USDT tokens on the Ethereum blockchain as part of its “stock replenishment”.

While some see the minting of new USDT as a catalyst for increased cryptocurrency demand, Tether CTO Paolo Ardoino told The Block that new USDT tokens are being minted to support chain swap functions.

“Tether periodically partners with various third parties (exchanges, hedge funds, etc.) to help them rebalance the liquidity of their USDT across various chains,” Ardoino said. “Since exchanges support Tether USDT on multiple chains, for example, they may end up having the most [their] Bind USDT tokens to one chain (e.g. Tron), but they may need to process withdrawals for another chain (e.g. Ethereum). Therefore, such third parties are asking to proceed with a chain exchange.”

Chain swap refers to the process of transferring tokens from one blockchain network to another. The process allows users to bridge assets across multiple chains.

Tether’s second billion dollar USDT coin in recent weeks

This is Tether’s second USDT coin in less than two months. The stablecoin issuer slapped a billion USDT tokens on Ethereum in April. Minted USDT tokens sit in Tether’s treasury and are “authorized but not issued” and are therefore not part of the total market cap.

Tether remains the largest stablecoin issuer on all blockchains according to The Block’s Data Dashboard. USDT’s current total supply is over 83 billion tokens.


Source link

See also  NFTScan announces support for Scroll Network for Explorer and API Services following the launch of Mainnet
Billion Chain Coins Ethereum Support swaps Tether USDT
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

2025-05-18

The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

2025-05-17

Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

2025-05-17

$ 40 billion in XRP on the road – where are they going?

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Wicrypt unveils WiFi hotspots with Peaq IDs on-chain

2023-11-11

Nuklai partners with peaq to unlock new DePIN-powered AI breakthroughs

2024-05-18

Neymar, Eminem, Madonna, and Logan Paul Lose Millions

2022-10-16
Editors Picks

Department of Defense is exploring crypto use cases with blockchain startup constellation

2023-05-13

Wealth Mentor Predicts XRP Path to $100 – Time to Buy Now?

2025-01-02

Bitcoin: Read this before you plan to HODL or sell for a profit

2024-03-02

Bitcoin to $48,000 in Crypto Summer? Only if…

2023-06-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The sale of Chainlink starts: will the retail trade hold the line this time?

Creator of more than 100 memecoins says that carpet trekkings are the ‘easiest way to earn money’

B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,411.72-0.19%
  • ethereumEthereum(ETH)$2,492.12-0.50%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.37-0.07%
  • binancecoinBNB(BNB)$644.30-0.11%
  • solanaSolana(SOL)$168.950.18%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.218006-0.36%
  • cardanoCardano(ADA)$0.75-1.97%
  • tronTRON(TRX)$0.2718670.92%
  • suiSui(SUI)$3.79-0.44%
  • chainlinkChainlink(LINK)$15.53-0.35%
  • avalanche-2Avalanche(AVAX)$22.63-1.63%
  • stellarStellar(XLM)$0.288936-1.06%
  • hyperliquidHyperliquid(HYPE)$26.50-3.09%
  • shiba-inuShiba Inu(SHIB)$0.0000140.17%
  • hedera-hashgraphHedera(HBAR)$0.192824-1.00%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-3.04%
  • bitcoin-cashBitcoin Cash(BCH)$398.24-0.32%
  • the-open-networkToncoin(TON)$3.100.60%
  • litecoinLitecoin(LTC)$97.47-2.71%
  • polkadotPolkadot(DOT)$4.67-1.24%
  • moneroMonero(XMR)$339.400.61%
  • bitget-tokenBitget Token(BGB)$5.102.86%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-0.47%
  • piPi(PI)$0.732.08%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$426.581.00%
  • uniswapUniswap(UNI)$5.81-2.71%
  • aaveAave(AAVE)$223.43-2.46%
  • nearNEAR Protocol(NEAR)$2.73-2.07%
  • aptosAptos(APT)$5.13-1.16%
  • okbOKB(OKB)$53.17-0.08%
  • ondo-financeOndo(ONDO)$0.93-0.07%
  • kaspaKaspa(KAS)$0.110384-4.36%
  • internet-computerInternet Computer(ICP)$5.22-0.71%
  • ethereum-classicEthereum Classic(ETC)$18.27-0.98%
  • gatechain-tokenGateToken(GT)$21.590.11%
  • crypto-com-chainCronos(CRO)$0.097973-1.66%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.003.69%
  • mantleMantle(MNT)$0.73-0.76%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2345630.31%
  • vechainVeChain(VET)$0.028065-0.39%
  • render-tokenRender(RENDER)$4.59-0.17%
  • ethenaEthena(ENA)$0.371803-1.90%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • filecoinFilecoin(FIL)$2.83-0.55%
  • algorandAlgorand(ALGO)$0.218598-1.22%
  • arbitrumArbitrum(ARB)$0.381151-0.41%
  • bitcoinBitcoin(BTC)$103,411.72-0.19%
  • ethereumEthereum(ETH)$2,492.12-0.50%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.37-0.07%
  • binancecoinBNB(BNB)$644.30-0.11%
  • solanaSolana(SOL)$168.950.18%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.218006-0.36%
  • cardanoCardano(ADA)$0.75-1.97%
  • tronTRON(TRX)$0.2718670.92%
  • suiSui(SUI)$3.79-0.44%
  • chainlinkChainlink(LINK)$15.53-0.35%
  • avalanche-2Avalanche(AVAX)$22.63-1.63%
  • stellarStellar(XLM)$0.288936-1.06%
  • hyperliquidHyperliquid(HYPE)$26.50-3.09%
  • shiba-inuShiba Inu(SHIB)$0.0000140.17%
  • hedera-hashgraphHedera(HBAR)$0.192824-1.00%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-3.04%
  • bitcoin-cashBitcoin Cash(BCH)$398.24-0.32%
  • the-open-networkToncoin(TON)$3.100.60%
  • litecoinLitecoin(LTC)$97.47-2.71%
  • polkadotPolkadot(DOT)$4.67-1.24%
  • moneroMonero(XMR)$339.400.61%
  • bitget-tokenBitget Token(BGB)$5.102.86%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-0.47%
  • piPi(PI)$0.732.08%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$426.581.00%
  • uniswapUniswap(UNI)$5.81-2.71%
  • aaveAave(AAVE)$223.43-2.46%
  • nearNEAR Protocol(NEAR)$2.73-2.07%
  • aptosAptos(APT)$5.13-1.16%
  • okbOKB(OKB)$53.17-0.08%
  • ondo-financeOndo(ONDO)$0.93-0.07%
  • kaspaKaspa(KAS)$0.110384-4.36%
  • internet-computerInternet Computer(ICP)$5.22-0.71%
  • ethereum-classicEthereum Classic(ETC)$18.27-0.98%
  • gatechain-tokenGateToken(GT)$21.590.11%
  • crypto-com-chainCronos(CRO)$0.097973-1.66%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.003.69%
  • mantleMantle(MNT)$0.73-0.76%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2345630.31%
  • vechainVeChain(VET)$0.028065-0.39%
  • render-tokenRender(RENDER)$4.59-0.17%
  • ethenaEthena(ENA)$0.371803-1.90%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • filecoinFilecoin(FIL)$2.83-0.55%
  • algorandAlgorand(ALGO)$0.218598-1.22%
  • arbitrumArbitrum(ARB)$0.381151-0.41%