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The Defiant 2025-04-29 19:35:11

Tether Treasury Mints $1 Billion USDT Twice, Transfers 100M to Bitfinex, Total $2 Billion Minted in 15 Minutes

Tether Treasury Mints $1 Billion USDT Twice, Transfers 100M to Bitfinex, Total $2 Billion Minted in 15 Minutes

Tether Treasury has minted $1 billion worth of USDT (Tether stablecoin) on two consecutive days, April 28 and April 29, 2025. On April 28, approximately 1,000,799,999 USDT was minted, followed by multiple transfers of USDT from the treasury to unknown wallets totaling over 269 million USDT. On April 29, another $1 billion USDT was minted, with reported amounts ranging around 1,000,335,000 to 1,000,572,500 USDT. Additionally, 100 million USDT was transferred from the treasury to Bitfinex. Combined, a total of approximately 2 billion USDT was minted within about 15 minutes on April 29. These minting events have been noted on the Ethereum blockchain and have attracted attention for their potential impact on the cryptocurrency market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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