According to BlockBeats, on November 9, Whale Alert reported that Tether Treasury minted 1 billion USDT on the Ethereum blockchain. This transaction was detected just a minute before the report was released.
Tether's CEO, Paolo Ardoino, clarified that this minting is an authorized but not yet issued transaction. This means that the newly minted USDT will be used for future issuance requests and on-chain exchanges. The process ensures that Tether has sufficient inventory to meet upcoming demands and facilitate smooth transactions on the blockchain. This approach is part of Tether's strategy to maintain liquidity and operational efficiency in the cryptocurrency market.