Tether mints billions, InQubeta presale nears $2 million on rising demand
Recently, Tether Holdings, the issuer of USDT, minted $1 billion of the stablecoin on Ethereum. The rising demand for USDT has positively impacted the InQubeta presale, bringing it closer to $2 million. This article explores the connection, examines Tether’s actions, and looks at the increasing interest in InQubeta’s presale . Tether minting billions of USDT On June 12, Tether minted $1 billion USDT on Ethereum. This is the second time Tether has released $1 billion USDT, bringing the total amount generated in 2023 to over $16 billion. Tether’s chief technology officer, Paolo Ardoino, said the recent USDT mint was part of a “restoration of inventory” on Ethereum. You might also like: Traders bullish on Bitcoin and InQubeta, expect new highs in 2023 It is considered an “authorized but not issued transaction” and will not affect the overall market cap of USDT. Instead, the newly generated sum will be used as i...