Tether minted an additional $2 billion in USDT, bringing its total supply to a record-breaking $160 billion …

Tether, the largest stablecoin issuer, has minted an additional $2 billion in USDT on the Ethereum blockchain, bringing its total supply to a record-breaking $160 billion. The new mints are primarily used for inventory replenishment and blockchain swaps, with $1 billion sent directly to Binance. This surge in supply is attributed to increased trading activity in the crypto market, particularly following Bitcoin’s new all-time high above $120,000