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Tether Mints 1 Billion USDT on Tron, Lifting Network Supply to About $89.37 Billion

The new issuance increases the amount of Tether’s dollar-pegged stablecoin circulating on Tron (blockchain network), one of the main rails used for USDT transfers.

Summary

Tether has issued an additional 1 billion USDT on the Tron (blockchain network) blockchain, raising the total USDT supply on Tron to about $89.37 billion. USDT is a stablecoin (crypto token tied to a fiat currency) designed to track the U.S. dollar, and Tron is widely used for stablecoin transfers because of its role as a high-throughput blockchain network. The latest mint expands Tether’s circulating supply on one of its largest issuance networks.

Terms & Concepts
  • USDT: A stablecoin (crypto token tied to a fiat currency) issued by Tether that is designed to maintain a value close to one U.S. dollar.
  • Tron: A blockchain network that supports digital asset transfers and token issuance, and is widely used for moving stablecoins such as USDT.
  • Minting: The process of creating new digital tokens on a blockchain and adding them to circulating supply.