Tether has authorized the issuance of 1 billion USDT on the Tron network.

According to a BlockBeats report on January 29th, Paolo Ardoino, CEO of Tether, announced on social media that Tether had issued an additional 1 billion USDT on the Tron network. Ardoino emphasized that this was an authorized but unissued transaction, meaning that the additional USDT would be used as inventory for the next issuance request and chain exchange.