Tether, the leading stablecoin issuer, has minted another 1 billion USDT on the Ethereum network as of July 4, increasing the network’s authorized supply to nearly $75 billion. This move pushes Tether’s total circulation to an all-time high of $150 billion, firmly securing its dominance with 61% of the dollar-backed stablecoin market.
While such massive issuances often raise eyebrows, the newly created tokens remain in Tether’s treasury and are not in active circulation. These mints serve as a liquidity buffer, ensuring the company can fulfill issuance requests or perform blockchain swaps on demand.
The mint was flagged by Whale Alert and labeled as a treasury issuance. Tron still slightly leads Ethereum with an $80 billion authorized USDT supply, but the gap is narrowing. Meanwhile, Solana and Avalanche lag with significantly smaller amounts.
Tether continues to defend these operations as standard practice. “It’s like stocking shelves before customers arrive,” the company emphasized, ensuring markets remain liquid going into H2 2025.
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