Tether Mints $1B USDT on Tron Network As Gap with Ethereum Narrows

Jimmy Aki
Last Updated:

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

On May 5, Tether minted another $1 billion USDT on the Tron network, increasing this year’s Tron mints to  $9 billion and pushing Tron’s circulating USDT to $71.4 billion.

Ethereum-based USDT maintains its lead with $72.8 billion in circulation, yet a gap of only $1.4 billion separates the two networks.

If the trend continues, Tron could soon reclaim its former position as the leading network for USDT circulation, a title it held from July 2022 through November 2024.

How the $1B Tether Mint Shapes Crypto Liquidity and Adoption

Arkham Intelligence data shows the latest tokens moved from a “Black Hole” address (T9yD1) into Tether’s multisig wallet, then onward to the treasury, a familiar pattern that precedes exchange deployment or large‑scale redemptions.

https://twitter.com/arkham/status/1919500112256028809

While Tether remains silent, on‑chain transparency allows traders to track these movements in real-time.

The total USDT in circulation is now at a record $149.4 billion, an 8.6% expansion since January, granting Tether a 61% share of the stable‑asset market.

Circle’s USDC follows with nearly $62 billion (25% of the market), while other tokens like Dai, Ethena USDe, and others make up the rest.

Stablecoins collectively represent roughly 8% of crypto’s market capitalization.

Liquidity drives Tether’s strategy in 2025. Each new USDT mint floods exchanges and institutions with stability during market swings.

Furthermore, regulatory tailwinds may accelerate this trend.

By May 26, the U.S. Senate votes on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. If approved, the bill will impose reserve requirement and legal clarity for payment stablecoins. Stablecoin adoption could skyrocket.

The Treasury Department projects a $2 trillion stable‑asset sector within three years if clear legislation passes.

The additional supply on Tron strengthens the network’s role in low‑fee transfers and DeFi applications, reinforcing adoption incentives for users and developers.

The fresh $1 billion mint also signals continued demand, deeper liquidity, and a possible reshuffle at the top of the USDT network leaderboard.

Innovations in Stablecoin Approaches Fuelling Market Expansion Worldwide

Tether has already mapped plans for a U.S.‑domiciled stablecoin for the US market after regulators flagged transparency and anti-money-laundering issues with USDT.

In an April Interview, CEO Paolo Ardoino said the new coin will differ from its international counterpart and target America’s increasingly crypto-friendly financial markets.

Additionally, while Tether works to deepen its footing in the U.S. market, Circle, its closest stablecoin rival, is expanding globally to claim the top spot.

After teaming up with SBI Holdings to launch USDC in Japan, Circle rolled out the Circle Payments Network (CPN).

This real-time, cross-border platform uses regulated stablecoins like USDC and EURC to link banks, payment providers, and wallets, cutting settlement times and fees while enforcing KYC/AML and cybersecurity.

By powering remittances, payroll, treasury operations, and programmable apps, CPN puts Circle in direct competition with Visa and Mastercard as it gears up for its IPO.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.