Tether boss Paolo Ardoino is moving tether in some strange ways, let's dive into his ways-
Heavy Minting
Tether has created almost 4 billion USDT tokens in the last few days alone. I don't recall any mintings below 50 million, but the most fascinating are 2 billion tokens on November 6 and 1 billion tokens on November 9. Ardoino's movements are as mysterious as his reserve.
For the love of Ethereum
All current USDT minting has occurred on the Ethereum network. Tether also moved $2 billion in USDT tokens from the TRC20, AVAX, NEAR, CELO, and EOS chains to Ethereum. The reasons behind Ardoino's movement are unclear, but the action is clear: it rests on Ethereum.
Ardoino is waiting for the next period
Heavy minting has aroused the Cryptoverse; therefore, Ardoino must speak up; he recently admitted the November 9 minting, which he defended by claiming that it was for the next period of issuance requests and chain swaps. So, what's the next period? Is it something that Ardoino has planned for Ethereum? Many questions remain unresolved, yet USDT is still popular across all exchanges.
