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Tether Treasury has minted a significant amount of its stablecoin, totaling 10 billion USDT since March 1, 2024. Recent activities include the minting of $1 billion USDT on the TRON network. This series of minting has raised concerns regarding the usage of these funds, especially in relation to allegations of money laundering for Russian sanctions evasion. In a related development, the USDC Treasury also minted approximately $83 million USDC.
💵 💵 💵 💵 83,087,321 #USDC (83,079,012 USD) minted at USDC Treasury https://t.co/mSApkYCn1B
Tether has printed $10 billion Tethers since March 1st. Tether launders $10 billion a month (that we know of), for Russian sanctions evasion, which they have admitted, if people found out how these Tethers were being printed, it would stop working... Imagine trusting your… https://t.co/laUA582UkP
Tether Treasury minted 1B $USDT again 2 hours ago. #TetherTreasury has minted a total of 10B $USDT since Mar 1. https://t.co/buOAbgA9Xc https://t.co/Sc4jr4qGBv
