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Tether (USDT) Added Another 100M to Supply Amidst Bitfinex Controversy

Published 04/29/2019, 03:55 AM
Updated 04/29/2019, 05:02 AM
© Reuters.   Tether (USDT) Added Another 100M to Supply Amidst Bitfinex Controversy

Tether (USDT) continues to increase its supply, following a large-scale printing of 300 million coins last Thursday. Now, the Treasury wallet is once again filling up, and the USDT asset is moving around the exchange ecosystem.

Since the beginning of April, the circulating supply of USDT grew from roughly 2 billion coins to above 2.8 billion coins. The addition comes from coins released from the Treasury wallet, as well as the most recent printing.

The added supply arrives at a time when Bitfinex released a statement that some of the fiat funds may have been locked away with Crypto Capital. Bitfinex used the third-party payment supplier after having troubles with banking and securing its own bank accounts. The potential funds locked amount t...

This article appeared first on Cryptovest

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