Tether issued an additional 120 million USDT on the Ethereum network (authorized but not issued)

At 19:05 Beijing time, USDT issuer Tether issued an additional 120 million USDT on the Ethereum network. The block height is 10592877. Paolo Ardoino, CTO of Bitfinex, stated that the Ethereum network has replenished 120 million USDT in inventory. This is an authorized but unissued transaction, which means that the amount will be used as inventory for the next issue request. The chain news query found that as of now, the total issuance of Tether on the Ethereum network of ERC20 USDT is about 6.517 billion.