As reported by BlockBeats, and according to monitoring data from Whale Alert, Tether has authorized and confirmed an additional 1 billion USDT on the Ethereum network. The news was announced on December 26th.
Tether's CEO, Paolo Ardoino, has clarified that this recent addition is meant to supplement the Tron network's treasury. It's vital to note that this transaction is authorized but not yet issued, meaning the extra issuance is intended for future issuance requests and will be held in inventory for cross-chain exchanges.
The action implies Tether's anticipation of an increased demand for USDT on the Ethereum network and readiness to facilitate cross-chain transactions.