Odaily Planet Daily News Binance tweeted that it will convert 750 million USDT on the Tron chain to 750 million USDT on the Ethereum chain directly through Tether after 20:00 Beijing time today to ensure the stablecoin liquidity of users on all chains. According to previous reports, Whale Alert data showed that Tether Treasury printed 1 billion USDT on the Ethereum network at 15:56:47 today. In this regard, Tether Chief Technology Officer Paolo Ardoino said that the Ethereum network has replenished the inventory of 1 billion USDT. This is an authorized but unissued transaction, which means that the amount will be used as the inventory for the next issuance request and chain swap. Ardoino said, "Tether regularly works with different third parties (exchanges, hedge funds, etc.) to help them rebalance the liquidity of their USDT on different chains. For example, because exchanges support Tether USDT on multiple chains, they may end up owning most of the Tether USDT tokens on one chain (ie, Tron), but they may need to process withdrawals from another chain (ie, Ethereum). Therefore, these third parties request chain swaps."