There is always ample controversy when it comes to Tether’s USDT stablecoin. This month, $600 million in USDT has been injected already, and it seems that number will keep rising in the coming week and a half.
Tether generates headlines anytime lifts a finger.
More Unwarranted Tether Drama
So many people watch this company like a hawk, eager to spot any wrongdoings.
Several Twitter accounts have been created to keep an eye on its issuance of the USDT stablecoin.
That asset is now issued across different blockchains, including OMNI, Ethereum, and TRON.
The big news this month is how Tether has issued $600 million in USDT tokens.
That is quite a significant amount, albeit it is not entirely surprising either.
Numerous studies have confirmed that this dollar-pegged stablecoin has the biggest traction across exchanges and trading platforms.
According to Tether CEO Paolo Ardoino, the recent issuance of $120 million in assets is an “inventory replenish”.
More specifically, it gives the company extra inventory for future issuance requests.
As such, this needs to be interpreted as if Tether expects $120 million in assets to be sold to customers in the very near future.
Who will buy those assets exactly, will always be subject to debate and speculation.