Tether Mints Additional $1 Billion $USDT on Tron
Tether, the top stablecoin issuer, has recently minted more $USDT tokens on the Tron network. As per the data from Onchain Lens, Tether has minted nearly $1 billion $USDT on Tron, raising the number of its cumulative minted $USDT tokens to a stunning $9 billion during 2025. The on-chain analytics platform took to social media to reveal this development.
Tether Mints $1B $USDT Tokens on Tron Network, Indicating Likely Liquidity Expansion
As per Onchain Lens, Tether’s recent minting of $1B $USDT has taken place in several transfers. The respective move reportedly highlights the stablecoin issuer’s continued endeavors to enhance its liquidity strategy and expansion. In line with the on-chain analytics provided by Arkham, the $1B $USDT transfer has been initiated from a Black Hole Address, going by T9yD1, to a MultiSigWallet of Tether. This was followed by another $1B transaction initiated from the respective MultiSigWallet to the treasury of Tether.
Tether’s addresses have reportedly been engaging in large-scale $USDT transfers. This often indicates treasury management activities like liquidity provisioning, redemption, or minting. Based on the historical trends, funds coming from Black Hole Address leading to internal transactions within the infrastructure of Tether underscore a couple of activities. One deals with the deployment preparation for crypto exchanges, and the other is to cater to institutional demand.
Significant $USDT Minting Could Influence Crypto Market
According to Onchain Lens, currently, Tether has not made any official statement concerning the latest mint. However, the on-chain data is transparent, guaranteeing the real-time observation of the market onlookers and the wider audience. Hence, the potential outcomes of this $USDT minting event are yet to be seen.
Canada to Release Earliest Spot Solana ($SOL) ETFs with Provision of Staking
Canada approves the first spot for Solana ($SOL) ETFs with staking to offer investors to yield oppor...
Tron Tops Blockchain Revenue Rankings for April 2025, Surpassing Ethereum and Solana
Tron led April 2025 blockchain revenue with $11.2M, outpacing Ethereum’s $4.5M, as rising user activ...
The Graph Powers Metis dApps with Real-Time Data Access
Developers on Metis can now access real-time blockchain data using The Graph’s Subgraph Studio for d...