According to BlockBeats, on August 13, Tether Treasury minted an additional 1 billion USDT on the Ethereum network at 20:09 Beijing time. This move is part of Tether's ongoing efforts to manage the supply of its stablecoin, USDT, which is pegged to the US dollar. The minting of new tokens is a routine process for Tether, aimed at ensuring liquidity and meeting market demand. The Ethereum network continues to be a significant platform for Tether's operations, facilitating the issuance and transfer of USDT tokens. This latest minting event underscores Tether's role in the cryptocurrency market, where stablecoins play a crucial part in trading and transactions.