💥💥 𝗧𝗲𝘁𝗵𝗲𝗿 𝗠𝗶𝗻𝘁𝘀 𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝟭 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗨𝗦𝗗𝗧, 𝗕𝗿𝗶𝗻𝗴𝗶𝗻𝗴 𝗧𝗼𝘁𝗮𝗹 𝘁𝗼 $𝟯𝟯 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗧𝗵𝗶𝘀 𝗬𝗲𝗮𝗿 𝗔𝗺𝗶𝗱 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 💥💥

In a dynamic week, Tether minted an additional 1 billion USDT tokens, pushing this year's total to $33 billion. Blockchain data reveals the newly minted tokens were transferred to Tether’s treasury wallet shortly after creation on the Tron network.

Last Tuesday at 20:43 UTC, Whale Alert confirmed the transaction, sparking discussions about rising demand and potential price effects. Tether CEO Paolo Ardoino clarified that the latest minting was “authorized but not issued,” meaning these new tokens remain in inventory for future chain swaps and issuance requests, rather than active circulation. Tether disclosed this status on its transparency site, showing $1.05 billion in new tokens classified as “authorized but not issued.”

Tron has played a significant role in USDT growth, accounting for nearly half of the USDT tokens in circulation, with $20 billion created on the network as of October 29. Currently, there are $120 billion USDT tokens in circulation, with 51% on Tron and 45% on Ethereum, making Tether the dominant stablecoin in the market.

What’s Next for Tether?

The recent minting order adds uncertainty to the future trajectory of Tether’s USDT supply. Many observers suggest that stablecoin issuance often coincides with bullish crypto markets, potentially fueling price increases. In August, Bitcoin saw stability after a $3 billion USDT issuance, highlighting the potential impact of stablecoin minting on crypto demand. With continued issuance, Tether’s supply could play a pivotal role in the evolving crypto market landscape.

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