📍 Tether Treasury Printed 1 Billion 💸

According to Whale Alert data, 1 billion 💸 were printed by Tether Treasury. This transaction took place at a time when Bitcoin prices were volatile. 💸 plays an important role in the liquidity of the cryptocurrency market, and the printing process reflects the increasing demand in the market.

Reason for Tether Printing;

Tether CEO Paolo Ardoino explained that the printing is an inventory replenishment process on the Ethereum Network and that it is an "authorized but unpublished transaction". The printed 💸s will not be released immediately; instead, they will be held in inventory against future demands and on-chain swaps.

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