According to PANews, Tether Treasury has minted an additional 1 billion USDT on the Ethereum network. The data was monitored and reported by Whale Alert. The transaction took place at 17:43:59 Beijing time on April 19th.
Tether's CEO, Paolo Ardoino, stated that the additional 1 billion USDT is a replenishment to the Ethereum inventory. This transaction is authorized but not yet issued, implying that the newly minted tokens will be used for the next issuance request and cross-chain exchange inventory.