Prominent cryptocurrency stablecoin issuer Tether has executed a substantial supply increase on the Ethereum network, successfully minting 1 billion USDT at 20:09:59 Beijing time. This move signifies Tether's proactive response to market demands, by increasing the supply of USDT to meet user needs. Tether's CEO Paolo Ardoino stated that this is a regular replenishment of the USDT inventory on the Ethereum network, involving an authorized but unannounced transaction. He further explained that these newly minted USDT will be used for the next issuance request and inter-chain asset swaps, thereby enhancing the liquidity and stability of USDT on the Ethereum network.