Tether has minted $1 billion worth of USDT on the Tron network as of May 5, 2025, raising the total amount of USDT circulating on Tron to $71.4 billion. This significant issuance underlines Tether’s continued push to expand its leading position in the stablecoin market, now holding a 61% market share. The move intensifies the rivalry between Tron and Ethereum, with the latter hosting $72.8 billion worth of USDT, and marks a strategic attempt to bolster Tron’s dominance in the stablecoin sector.
Tether’s CEO, Paolo Ardoino, emphasized the strategic intention behind the mint, stating it aims to reinforce Tron’s role in stablecoin issuance. The news comes amid Tether’s efforts to broaden its offerings, including new ventures in artificial intelligence, and as it engages with regulators regarding future U.S. stablecoin policies. Audits show that Tether’s reserves remain strong, backed by close to $120 billion in U.S. Treasuries, securing its robust market position. The rising USDT presence on Tron may influence market liquidity, trading behaviors, and competition among blockchain networks, as regulatory forecasts suggest the stablecoin sector could swell to $2 trillion by 2028.
