Tether has authorized but not yet issued 1 billion USDT on the Ethereum network.

According to BlockBeats news on November 10th, stablecoin issuer Tether increased the issuance of 1 billion USDT on the Ethereum network 5 hours ago, as monitored by Whale Alert. Tether's Chief Technical Officer, Paolo Ardoino, added that this was an authorized but unissued transaction, meaning that the increased issuance will be used for the next issuance request and chain exchange inventory.