Tether Adds $1B on Tron as Stablecoin Supply Crosses $20B

Tether has minted another $1 billion in USDT on the Tron network, bringing stablecoin issuance to $20 billion since the October crash. This development adds to a wave of capital returning to the crypto sector following one of the market’s most volatile periods this year.

Tether Mints $1 Billion USDT on Tron as Stablecoin Supply Rises

Tether recently minted one billion USDT using the Tron blockchain, based on data shared by Arkham. The platform posted, “$1,000,000,000 $USDT JUST MINTED ON TRON,” confirming the event. Whale Alert and Lookonchain also reported the mint and confirmed the funds were moved to an unknown wallet.

This new mint brings the total stablecoin issuance from Tether and Circle to over $20 billion since October 10–11, when the market experienced a sharp crash. The crash saw more than $19 billion in liquidations, according to Lookonchain.

The chairman of BitMine described the October event as a “quantitative tightening effect,” which pulled liquidity out of the crypto market. The issuance of stablecoin may be a sign of recovering liquidity as centralized and decentralized platforms record increased activity.

Tron Network Activity and TRX Market Response

The mint was executed on Tron, one of the most active blockchains for USDT. Tron supports low-cost transactions and fast settlement speeds, making it a preferred network for stablecoin transfers. The new USDT was sent to an undisclosed wallet address.

Following the mint, Tron’s native token TRX showed a slight rise in value. TRX price increased by 1.46% in 24 hours, moving from $0.2757 to $0.2815.