BlockBeats news, on November 12, according to Whale Alert monitoring, one minute ago, Tether Treasury minted 2 billion USDT on Ethereum at around 1:07 AM Beijing time.
Tether CEO Paolo Ardoino commented that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain swaps. He stated that this operation is coordinated with a well-known third-party trading platform to execute on-chain conversion operations, converting some USDT from different blockchains to USDT on the Ethereum chain. During this process, the total supply of USDT will not change.