Tether issues an additional 1 billion USDT on the Ethereum network (authorized but not yet issued)

On November 10th, Tether, a stablecoin issuer, increased the issuance of 1 billion USDT on the Ethereum network 5 hours ago, according to Whale Alert monitoring. Paolo Ardoino, Tether's Chief Technology Officer, added that this was an authorized but unissued transaction, meaning that the increase will be used for the next issuance request and inventory for chain exchanges.