Tether, the world’s largest Stablecoin publisher, minted an additional $2 billion in USDT on the Ethereum blockchain on July 16th.
Tether CEO Paolo Ardoino checked the mint via X’s post, making it clear that the new mint is “restocking” for Ethereum. This means that the fund will function as a future issuance and blockchain swap inventory rather than immediately entering the cycle.
Of the newly created supply, $1 billion went directly to Binance, the largest global crypto exchange by trading volume.
The deal suggests trading activity across the crypto market has intensified, particularly after Bitcoin’s all-time high of $120,000.
USDT plays a key role in the crypto ecosystem by providing liquidity and trading stability across centralized and decentralized platforms. According to company data, Tether issued $4.4 billion in USDT In the past month alone.
Tether’s USDT Supply exceeds $160 million
The latest Mint Spare has driven Tether’s total market capitalization to more than the all-time high of $160 billion.
Ardoino welcomed the milestone as evidence of the real-world utility of USDT, especially in emerging and developing markets.
According to him:
“(This is) a new incredible milestone, a statement of the unparalleled utility of USDT as a digital dollar for billions of people living in emerging markets and developing countries.”
According to the company’s figures, Tether has issued more than $74 billion in Etherum and $81 billion in Tron. It also retains a small but growing footprint in other chains, including $2 billion in Solana, $530 million in tons and $480 million in avalanches.
Meanwhile, the Stablecoin Company emphasized that the issued tokens remain fully supported.
In the second quarter of 2025, Tether reported that he was exposed to more than $127 billion in US Treasury. This includes direct holdings, indirect exposures by money market funds, and reverse report agreements.
This means that if Tether is a country, it will rank as the 18th largest holder of US government debt.