# Statement from the EC regarding new minting limits (USDT)

**URL:** <https://community.agoric.com/t/statement-from-the-ec-regarding-new-minting-limits-usdt/229>\
**Category:** Inter Protocol\
**Tags:** inter-protocol\
**Created:** [March 27, 2023, 1:35pm UTC](https://community.agoric.com/t/statement-from-the-ec-regarding-new-minting-limits-usdt/229 "2023-03-27T13:35:07Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![yamrani](https://sea1.discourse-cdn.com/flex019/user_avatar/community.agoric.com/yamrani/32/56_2.png) [@yamrani](https://community.agoric.com/u/yamrani)\
**Post date:** [March 27, 2023, 1:35pm UTC](https://community.agoric.com/t/statement-from-the-ec-regarding-new-minting-limits-usdt/229/1 "2023-03-27T13:35:07Z")

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On March 24th, the EC decided to bring some changes to the IST econ governance parameters.

The following changes were made:

- The 0.2% swap fee on USDT was removed
- The minting limits for USDT.grv and USDT.axl were raised by 500,000 IST each. The new minting limits are 750,000 IST for USDT.grv and 650,000 IST for USDT.axl

To give some [context](https://community.agoric.com/t/statement-from-the-ec-regarding-new-minting-limits/150), the EC took a more restrictive approach towards USDT back in December 2022 while Tether was under much scrutiny by lowering the minting limits and setting up 0.2% swap fees to disincentivize its use in the PSM.

Since then, USDT has proved its resilience while USDC briefly depegged following the recent US banking crisis.