120,000,000 #USDT (119,642,371 USD) minted at Tether Treasury
Tx: https://whale-alert.io/transaction/ethereum/3c3e4e4a9b6b5a174f2a11a881350600f4bc932d34bba6af0c4796965b63fe4d …
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I'm sure there's a reason behind it. Seems like might as well mint on issuance or just mint the entire USD marketcap for the treasury and not have to worry about minting anymore :P
authorization security model
1/2 Authorizing on a chain means that Tether signers needs to access private keys. We don't want signers to access those keys so frequently (many times per day). That's why we do a bulk authorization to replenish the inventory. https://twitter.com/lunato1000/status/1237660604065693696 …
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That makes sense. Cheers Paolo :)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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