Tether executed two transactions on the Ethereum blockchain, minting $1 billion worth of USDT each just two minutes apart, totaling $2 billion in newly created stablecoins. Blockchain monitoring service Whale Alert reported the transactions originating from Tether's Treasury address on July 24, 2025. Tether CTO Paolo Ardoino confirmed these were "authorized but not issued" tokens, designated as inventory for future exchange requests and cross-chain swaps.
This follows a $3 billion USDT mint conducted just one week prior, continuing Tether's strategy to pre-emptively build liquidity reserves during bullish market conditions. The tokens remain inactive in treasury wallets but are positioned for rapid deployment when exchanges signal demand surges. Ardoino emphasized this standard operational procedure allows Tether to "respond swiftly to exchange requests or inter-chain swaps" without blockchain confirmation delays.
Market analysts note such inventory builds historically precede short-term rallies, as evidenced by previous bull cycles. The mint coincides with Bitcoin trading above $110,000 and Ethereum showing upward momentum, suggesting exchanges are preparing infrastructure for heightened trading volumes. Approximately half the newly minted USDT was reportedly allocated to Binance, indicating anticipated platform-specific demand.