That’s just under a fifth of the annual plan.
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Stablecoin issuer Tether minted USDT worth $4 bln in a month
Tether CTO Paolo Ardoino explained that the new USDT issuance was a “replenishment of USDT reserves”. If the report is to be believed, the issuer’s excess reserves amounted to $3.2 billion. Tether’s total combined assets reach $86.38 billion, with a significant portion of its reserve funds, to the tune of $72.6 billion, held in U.S. Treasuries.