Authorized but not issued Tether tokens need to ensure the issuance process is as secure as possible. We need to strike a balance between the security risk of Tether private keys and meeting the demand for Tether tokens from new customers.
By creating "Authorized but not issued" Tether tokens, Tether limits the number of times Tether signers need to access their authorization private keys, thereby reducing the security threats they face.
"Authorized but not issued" Tether tokens are stored in Tether's vaults, are not in circulation, and do not constitute part of the Tether token market value. Tether will issue these Tether tokens immediately after receiving new customer funds.
