PANews reported on July 16 that according to Whale Alert monitoring, at 04:26:42 Beijing time, Tether Treasury minted 1 billion USDT on the Tron network. Tether CEO Paolo Ardoino said that the 1 billion USDT was a supplement to Tron's inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory.