Tether, the world’s largest stablecoin issuer, minted an extra $2 billion USDT on July 16 on the Ethereum blockchain.
Tether CEO Paolo Ardoino confirmed the mint by way of a put up on X, clarifying that the brand new mints had been an “stock replenish” on Ethereum. This implies the funds function stock for future issuance and blockchain swaps, fairly than getting into circulation instantly.
Of the newly minted provide, $1 billion was despatched on to Binance, the biggest international crypto change by buying and selling quantity.
This transaction means that buying and selling exercise throughout crypto markets intensified, particularly following Bitcoin’s new all-time excessive above $120,000.
USDT performs a important function within the crypto ecosystem by offering liquidity and buying and selling stability throughout centralized and decentralized platforms. In line with firm information, Tether has issued $4.4 billion in USDT prior to now month alone.
Tether’s USDT provide crosses $160 million
The most recent minting spree has pushed Tether’s complete market capitalization to an all-time excessive above $160 billion.
Ardoino hailed the milestone as a testomony to USDT’s real-world utility, particularly in rising and growing markets.
In line with him:
“[This is] a brand new mind-blowing milestone, a press release of the unmatched utility of USDt because the digital greenback for billions of individuals dwelling in rising markets and growing international locations.”
In line with the corporate’s figures, Tether has issued greater than $74 billion in USDT on Ethereum and $81 billion on Tron. It additionally holds smaller however rising footprints on different chains, together with $2 billion on Solana, $530 million on TON, and $480 million on Avalanche.
In the meantime, the stablecoin firm emphasised that its issued tokens stay absolutely backed.
In Q2 2025, Tether reported having over $127 billion in publicity to US Treasurys. This contains direct holdings, oblique publicity by way of cash market funds, and reverse repo agreements.
This implies if Tether had been a rustic, it could rank because the 18th-largest holder of US authorities debt.
