Tether CTO: The minting of new USDT on Ethereum is to balance the liquidity of USDT on different chains.

According to BlockBeats news on June 12th, Tether's Chief Technology Officer Paolo Ardoino stated in response to the issuance of 1 billion USDT on the Ethereum network that the new USDT issuance is intended to balance the liquidity of USDT on different chains. For example, a trading platform may hold a large amount of USDT on Tron, but needs to process withdrawals of USDT on Ethereum.