Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?
Summary
Tether authorized the minting of an additional 1 billion USDT tokens, bringing the total minted in the past year to $33 billion. The new tokens were minted on the Tron network and sent to Tether's treasury wallet. CEO Paolo Ardoino stated the transaction is "authorized but not issued," meaning the tokens are not yet circulating. The Tron network has minted $20 billion in USDT, accounting for over half of all USDT in circulation. Currently, $120 billion Tether tokens are in circulation, with 61.7 billion on Tron and 45% on Ethereum. The recent minting has sparked speculation about increased demand and potential price surges in the crypto market, as minting often correlates with bullish trends.
