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Tether minted 1 billion USDT on the Tron network to serve as future issuance reserves.
[Chain News] On June 22, news came that Tether Treasury minted 1 billion USDT on the Tron network. Tether CEO Paolo Ardoino stated that this is an authorized but unissued transaction, meaning it will be used as inventory for the next issuance request and on-chain swaps.