Tether Unleashes $1 Billion on Tron, Closing In on Ethereum’s Lead!

Jakarta, Pintu News – Over the past week, Tether (USDT) has gone on a massive USDT minting spree, adding $8 billion worth of stablecoins in the past eight days on the Tron (TRX) and Ethereum (ETH) blockchain networks.

This new USDT supply could give a new impetus to the broader crypto market rally, helping the market to break out of the current consolidation phase.

Tether Prints 1 Billion USDT on Tron Blockchain

In a significant development, Tether has just minted an additional $1 billion USDT on the Tron blockchain, on May 6, 2025. This marks the continuation of the company’s aggressive issuance strategy.

Read also: Ethereum Price Surges to $1,820 Today (May 7) as ETH Whale Numbers Skyrocket to 5,000!

Further on-chain data reveals that since April 28, the company has expanded its stablecoin supply by $8 billion across both blockchain networks – Tron and Ethereum.

This move helps USDT maintain its edge over other competitors like USDC, BUSD, RLUSD, and so on.

Moreover, this development also confirms the growing demand for liquidity and use of stablecoins across the decentralized finance (DeFi) and trading ecosystems.

$72.8 Billion USDT Circulating on the Ethereum Network

According to Tether’s transparency report, the total USDT issued on Tron has jumped to $71.4 billion. Currently, there are $72.8 billion USDT circulating on the Ethereum network.

With an additional $1.4 billion USDT in Tron, it could again surpass Ethereum as the leading network for the world’s largest stablecoin issuer, a position it has held several times in the past two years.

Besides Tron and Ethereum, the third largest network for the USDT stablecoin is Solana, with a circulating supply of $1.9 billion. USDT’s total circulation has reached an all-time record high of $149.4 billion, registering an 8.6% increase since the beginning of the year.

As a result, USDT now controls 61% of the total stablecoin market. In addition, Tether CEO Paolo Ardoino believes that the crypto-friendly Trump administration could help the company gain more market share in the coming years.

In addition, Ardoino also teased the launch of an artificial intelligence (AI)-based product designed for decentralized applications. Named “Tether AI”, this innovation is expected to trigger a surge in Bitcoin and USDT transaction volumes upon its release.

Will the Crypto Market Experience Further Rallies?

With Bitcoin (BTC) prices moving around the $94,500 level over the past week, and altcoins entering a strong consolidation phase, the recent printing of USDT could be a trigger for further crypto market rallies.

Read also: Donald Trump Hosts Lavish Crypto Dinners Amidst Rising Ethics Scandals!

Additionally, the US Treasury Secretary, Scott Bessent, has called on the Federal Reserve to lower interest rates, while fueling speculation regarding a possible major rally in the crypto market.

Furthermore, US President Donald Trump has announced plans to lower tariffs on imports from China.

Citing the current 145% tariff as too high and a trade barrier, Trump stated his intention to relax the restrictions.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Tether Mints $8 Billion USDT in Short Time, Crypto Market Rally Soon. Accessed on May 7, 2025
• Cointelegraph. Fresh $1 Billion Tether Mints, Tron Closing Gap with Ethereum. Accessed on May 7, 2025
• FXStreet. Fresh $1B in Tether Mints on Tron, Closing Gap Again with Ethereum. Accessed on May 7, 2025