- Tether minted an additional $3 billion worth of USDT over the past week.
- Lookonchain disclosed the additional USDT issuance citing Arkham data.
- Of the newly minted USDT, $2.89 billion was transferred to Abraxas Capital.
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Tether, the issuer of the world’s largest stablecoin, minted a substantial amount of new USDT over the past week.
Lookonchain said on April 24, citing Arkham data, that Tether minted a total of $3 billion worth of USDT during the past week.
Of that amount, $2.89 billion was transferred to investment firm Abraxas Capital.
