Tether minted 1 billion USDt of stablecoins on the Tron network and paid no network fees for this transaction. According to Arkham Intelligence, this transaction was made from a "black hole address" to Tether's multi-signature wallet. After the transaction, the funds were transferred to Tether's Treasury, which also did not include any fees.

The low transaction fees of the Tron network have made it attractive to stablecoin companies. According to Tether's transparency page, the total amount of USDt authorized on the Tron network is $62.7 billion.

Tron became the second largest share of the stablecoin market in 2024. In August 2024, Tether minted another 1 billion USDt on Tron. This could be an indicator to gauge market sentiment and investor interest. We are waiting for your comments.