According to monitoring, Tether is minting $2 billion worth of USDT on Ether and has transferred $500 million of USDT to CoinShares in the last 30 minutes.
In previous news, Tether made an announcement that it will be coordinating with multiple exchanges to transfer over $2 billion in USDT from Cold Wallet to Ether, with the total amount of USDT remaining unchanged in the process.