Tether mints $2 billion in USDT as supply reaches a record-breaking $160 billion

Tether, the world’s largest stablecoin issuer, minted an further $2 cardinal USDT connected July 16 connected the Ethereum blockchain.

Tether CEO Paolo Ardoino confirmed the mint via a station connected X, clarifying that the caller mints were an “inventory replenish” connected Ethereum. This means the funds service arsenic inventory for aboriginal issuance and blockchain swaps, alternatively than entering circulation immediately.

Of the recently minted supply, $1 cardinal was sent straight to Binance, the largest planetary crypto speech by trading volume.

This transaction suggests that trading enactment crossed crypto markets intensified, particularly pursuing Bitcoin’s caller all-time precocious supra $120,000.

USDT plays a captious relation successful the crypto ecosystem by providing liquidity and trading stableness crossed centralized and decentralized platforms. According to institution data, Tether has issued $4.4 cardinal successful USDT in the past month alone.

Tether’s USDT proviso crosses $160 million

The latest minting spree has driven Tether’s full marketplace capitalization to an all-time precocious supra $160 billion.

Ardoino hailed the milestone arsenic a testament to USDT’s real-world utility, particularly successful emerging and processing markets.

According to him:

“[This is] a caller mind-blowing milestone, a connection of the unrivaled inferior of USDt arsenic the integer dollar for billions of radical surviving successful emerging markets and processing countries.”

According to the company’s figures, Tether has issued much than $74 cardinal successful USDT connected Ethereum and $81 cardinal connected Tron. It besides holds smaller but increasing footprints connected different chains, including $2 cardinal connected Solana, $530 cardinal connected TON, and $480 cardinal connected Avalanche.

Meanwhile, the stablecoin institution emphasized that its issued tokens stay afloat backed.

In Q2 2025, Tether reported having implicit $127 cardinal successful vulnerability to US Treasurys. This includes nonstop holdings, indirect vulnerability via wealth marketplace funds, and reverse repo agreements.

This means if Tether were a country, it would fertile arsenic the 18th-largest holder of US authorities debt.

The station Tether mints $2 cardinal successful USDT arsenic proviso reaches a record-breaking $160 billion appeared archetypal connected CryptoSlate.