Tether Authorizes $1.03B in $USDT on $TON Blockchain

The post Tether Authorizes $1.03B in $USDT on $TON Blockchain appeared first on Coinpedia Fintech News

According to Tether’s transparency page, the authorized issuance of $USDT on the $TON blockchain has exceeded $1.03B, with an additional $309.33m authorized but not yet issued. Clarifying the same, CEO Paolo Ardoino said that this is an “authorized but not issued transaction.” The minting is intended for future requests and chain swaps, ensuring liquidity as needed. No new tokens have been circulated yet, and the action is a proactive measure for potential market demands.