The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.
Source: https://cointelegraph.com/public/index.php/news/tether-billion-usdt-mint-on-ethereum-for-chain-swaps
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
