Tether, the largest stablecoin issuer, minted $1 billion USDT stablecoins on the TRON blockchain.
As per the data of blockchain analytics firm Arkhan Intelligence, the transaction was done on January 29, and Tether incurred no fees for the large-scale minting.
TRON has become a popular choice for stablecoin users, especially in emerging markets where USDT is used for saving and cross-border transactions.
Paolo Ardoino, CEO of Tether, explained that this $1 billion mint is “authorized but not issued.” This indicates that the coins are held as inventory for upcoming requirements, such as chain swaps or new issuance, rather than being immediately placed into circulation.
With this new mint, Tether’s total USDT supply reaches $139.4 billion, with most of it being on Ethereum ($76.9 billion) and TRON ($59.7 billion).
Also Read: Tether is moving its HQ to El Salvador After Securing License
