Tether, Inc. has resumed USDT minting on the TRON network, adding a total of $10 billion in the stablecoin since the start of 2025.
The latest mint included $1 billion USDT, which was transferred from a black hole address to the Tether multisig minting wallet, and then to the Tether Treasury. Such liquidity will be used to increase trading volumes on several platforms.
TRON currently has in its possession more than 69.71 billion USDT held in over 64 million wallets, with a total of over 9 million active wallets in March only.
While Ethereum continues to dominate in terms of total USDT supply and transfer volume, TRON is one of the most active and affordable networks for stablecoin transfers, thanks in part to gas-free transfers.
After the most recent mint, 500 million USDT was transferred to the HTX exchange, which has been supporting TRON-based USDT since 2019.
Although HTX only represents approximately 1% of USDT trading, it is an important contributor to the liquidity of the TRON ecosystem. Large platforms such as Binance also have TRON-based USDT, further increasing its usage.
TRON has also become the leading blockchain by fees earned, overtaking Solana with $1.2 million in network fees per day.
In the last week, TRON topped all networks, protocols, and applications with $68.66 million in total fees, while Tether earned $98.11 million across all chains. USDT is still the most utilized smart contract on TRON, solidifying the network’s leadership in stablecoin usage.
In contrast, TRX, the native token of TRON, is stable at $0.24 and remains one of the rare deflationary cryptocurrencies. The stability and increase in activity serve to increase confidence in the TRON network during a period of recovery in the market.
Also Read: Bank of America Targets Tether, Circle with Stablecoin Push
