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Tether CEO Explains 2 Billion USDT Minting on Ethereum, Details Chain Swap

  • Tether, the largest stablecoin issuer, is optimizing the distribution of USDT tokens.
  • The company is retiring tokens from low-activity blockchains and swapping them to Ethereum.
  • This consolidation strategy aims to streamline USDT management and enhance user experience.
  • Despite the reduction in overall supply, Tether remains the dominant source of liquidity in the stablecoin market.

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