Tether Mints Over $33 Billion in USDT Across Tron and Ethereum

Blockchain data reveals that Tether, the company behind the stablecoin USDT, has created over $33 billion worth of USDT in the past year.

According to recent data, this massive amount of USDT was issued across both the Tron (TRX) and Ethereum (ETH) networks.

“Tether Treasury minted another 1 billion USDT on the Tron Network! In total, Tether has minted 33 billion USDT in the last year, with 19 billion on Tron and 14 billion on Ethereum,” the firm reported yesterday.

Crypto analyst Ali Martinez highlighted a notable connection between Bitcoin’s price movements and the minting of new USDT. “Tether acts like the crypto world’s central bank. Every time more USDT is produced, the market tends to rise. During the latest Bitcoin dip, those USDT printers were running non-stop!” he said.

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Additionally, Tether recently announced that USDT will soon be available on Aptos (APT), a blockchain designed for speed and scalability. Aptos, which uses a Proof-of-Stake (PoS) consensus mechanism, processes transactions in parallel to improve efficiency. Tether also noted that transaction fees on Aptos will be less than a penny.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.