Tether Treasury, managed by Tether, the world’s largest stablecoin operator, minted one billion "authorised but not issued" USDT tokens on Christmas Day.
The move sparked suspicion among the community.
The information was revealed on social media site X by Whale Alert, a blockchain tracking platform.
In response, Tether's CEO Paolo Ardoino stated via a post on X that the transaction was an “inventory replenish” on the Ethereum blockchain.