Tether Treasury mints 1 billion USDT on the Ethereum network

According to Whale Alert monitoring, at 22:17 Beijing time, Tether Treasury minted 1 billion USDT on the Ethereum network. Paolo Ardoino, CEO of Tether, stated that this issuance of 1 billion USDT is a replenishment of inventory on the Ethereum network and represents an authorized but unissued transaction. This means that the increased supply will be used for future issuance requests and cross-chain exchange inventory.