According to PANews, data monitored by Whale Alert showed that at 17:43:59 Beijing time, Tether Treasury minted 1 billion USDT on the Ethereum network. Tether CEO Paolo Ardoino said that the 1 billion USDT was a supplement to the Ethereum 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.