Tether, the sector’s greatest stablecoin issuer, minted an additional $2 billion USDT on July 16 on the Ethereum blockchain.
Tether CEO Paolo Ardoino confirmed the mint by skill of a put up on X, clarifying that the fresh mints were an “inventory top off” on Ethereum. This methodology the funds reduction as inventory for future issuance and blockchain swaps, in its build of coming into circulation straight away.
Of the newly minted offer, $1 billion became as soon as despatched straight to Binance, the greatest world crypto change by trading volume.
This transaction means that trading activity across crypto markets intensified, especially following Bitcoin’s fresh all-time high above $120,000.
USDT performs a vital position in the crypto ecosystem by providing liquidity and trading stability across centralized and decentralized platforms. In accordance to company files, Tether has issued $4.4 billion in USDT previously month alone.
Tether’s USDT offer crosses $160 million
Primarily the most traditional minting spree has pushed Tether’s full market capitalization to an all-time high above $160 billion.
Ardoino hailed the milestone as a testomony to USDT’s proper-world utility, especially in emerging and growing markets.
In accordance to him:
“[This is] a fresh mind-blowing milestone, a assertion of the unrivaled utility of USDt because the digital buck for billions of folks living in emerging markets and growing worldwide locations.”
In accordance to the company’s figures, Tether has issued higher than $74 billion in USDT on Ethereum and $81 billion on Tron. It also holds smaller nonetheless rising footprints on varied chains, including $2 billion on Solana, $530 million on TON, and $480 million on Avalanche.
In the meantime, the stablecoin company emphasised that its issued tokens remain completely backed.
In Q2 2025, Tether reported having over $127 billion in exposure to US Treasurys. This entails sigh holdings, oblique exposure by skill of cash market funds, and reverse repo agreements.
This methodology if Tether were a nation, it would execrable because the 18th-greatest holder of US govt debt.
