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Tether Moves $2 Billion USDT to Ethereum for Better Liquidity Management

  • Tether conducts a $2 billion USDT chain swap, moving reserves from multiple blockchains to Ethereum for better liquidity.
  • The stablecoin issuer rebalances USDT supply across networks without increasing its total issuance, ensuring efficient asset management.
  • Tether maintains its dominance with $160 billion daily trading volume amid Bitcoin's market rally.
  • Tether's CEO clarifies that the $2 billion USDT minting on Ethereum was part of a planned chain swap operation, not an increase in overall supply.

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