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Fresh $1B in Tether mints on Tron, closing gap again with Ethereum

  • On May 5, Tether minted an additional $1 billion USDT on the Tron network, raising Tron's total USDT to $71.4 billion.
  • This mint follows a recent surge in Tether issuance across Tron and Ethereum, as the two networks compete for USDT dominance.
  • Tron has been a leading network for USDT circulation, favored for its high throughput, low costs, and expanding DeFi ecosystem.
  • Tether's overall USDT supply reached $149.4 billion, an 8.6% increase this year, while Ethereum holds $72.8 billion USDT in circulation.
  • This minting signals Tether's intent to strengthen Tron's market position and could affect stablecoin competition and crypto liquidity deployment.
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Cointelegraph broke the news in on Tuesday, May 6, 2025.
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