Tether mints $1 billion USDT on TRON after Bitcoin surges past $87k

Tether has minted another $1 billion worth of USDT on the TRON blockchain on April 21, according to on-chain data.

This latest transaction brings the total amount of USDT created on TRON this year alone to $10 billion, amid a sharp increase in stablecoin activity on the network.

The steady rise in Tether’s supply aligns with the growing demand for stablecoins, widely used by traders to move funds, hedge against volatility, or avoid the delays tied to traditional banking systems.

An expanding stablecoin supply often reflects higher trading volume or preparation for increased market activity. Notably, the latest USDT minting came shortly after Bitcoin climbed past the $87,000 mark, which may have triggered increased interest in stablecoin usage.

Meanwhile, Tether’s CEO, Paolo Ardoino, confirmed that the newly minted tokens are not yet in circulation. Instead, the funds are classified as “authorized but not issued.” According to him, these assets are in the inventory and ready to be released for upcoming transactions or chain swaps.

This approach allows Tether to respond quickly to market demand without flooding the system with unused tokens.

Following the mint, data from blockchain analytical platform Arkham Intelligence showed a series of transactions between Tether and major exchanges such as Binance, Bybit, and HTX. These movements suggest that some newly minted USDT may soon be deployed to support liquidity on these platforms.

According to Tether’s transparency page, the total supply of USDT has now reached $144 billion. Ethereum and TRON dominate the distribution, with $74 billion and $68 billion issued on each network.