Tether Mints Additional $1 Billion on TRON Following July’s Issue

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Tether, the largest stablecoin issuer, minted an additional $1 billion worth of USDT tokens on the TRON blockchain on Tuesday, following a similar issuance on Ethereum earlier in August.

This brings Tether’s total USDT minting over the past year to $33 billion. Tether has minted 19 billion USDT on TRON and 14 billion USDT on Ethereum over the past year.

Blockchain data revealed that Tether minted $1 billion USDT tokens on the TRON network and sent them to its treasury wallet on August 20.

Tether Treasury minted 1B $USDT on #TronNetwork again 25 minutes ago!#TetherTreasury has minted 33B $USDT in the past year, of which 19B $USDT was minted on #TronNetwork and 14B $USDT was minted on #Ethereum.https://t.co/2wFo2DEvz3 pic.twitter.com/DntKu0WC5A

Tether’s minting activity intends to support chain swap operations and manage liquidity across various blockchain networks without triggering immediate market fluctuations.

Tether CEO Paolo Ardoino stated the minting on both TRON and Ethereum seeks to replenish the company’s stablecoin inventory, ensuring sufficient supply to meet future issuance requests and manage liquidity.

The issuance of TRON USDT has exceeded $60 billion, which is a significant milestone. We have also become the first blockchain with a single stablecoin surpassing $60 billion! #TRX #TRON https://t.co/AM8cK08npP pic.twitter.com/VsFVNGlo2g

TRON’s fixed transaction fee of $1 has contributed to its position as the leading blockchain for USDT transactions. USDT’s circulation reached $60 billion on TRON, further underscoring the