Tron’s USDT supply to surpass Ethereum’s with new $1B mint
Summary
Tether minted an additional 1 billion USDt tokens on the Tron network, increasing its authorized USDT supply to $73.7 billion, surpassing Ethereum's $74.5 billion. With the new mint, Tron’s circulating supply of USDT is $73.6 billion, compared to Ethereum's $71.8 billion. Tether mints USDT to replenish inventory for future issuance requests and maintain liquidity. Historically, Tron led USDT circulation until an $18 billion mint on Ethereum in 2025, after which Tron regained the lead. Solana, Avalanche, and other networks follow in authorized USDT supply. Tether's total circulation reached a record high of $150 million, capturing 61% of the USD stablecoin market, while Circle holds $60.4 billion, representing 24.6% market share.
