According to BlockBeats, on April 5th, Tether Treasury minted an additional 1 billion USDT on the Ethereum network. Tether CEO Paolo Ardoino stated that this addition of 1 billion USDT is a replenishment of the Ethereum inventory. This transaction is authorized but not yet issued, implying that this increase will be used for the next issuance request and inventory for cross-chain exchanges. The move by Tether Treasury to add more USDT to its Ethereum inventory is part of its ongoing operations to manage its reserves and meet the demand for USDT in the market.
