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Tether Treasury minted 1 billion USDT on the Tron chain as inventory reserves.
According to the Gate.io News bot, data monitored by WhaleAlert shows that Tether Treasury completed the minting of 1 billion USDT on the Tron chain at 19:17 UTC+8.
Tether's Chief Technology Officer Paolo Ardoino explained this, emphasizing that this batch of USDT is currently in an "authorized but not issued" state, which will be used to meet future issuance needs and on-chain exchanges, as part of routine inventory management. This newly minted USDT has not yet entered actual circulation.
Source: Wu Shuo