TETHER, the largest stablecoin transmitter in the world, has hit an additional $ 2 billion USDT on July 16 on Ethereum blockchain.
The CEO of Tether, Paolo Ardoino, confirmed the mint via a post on X, specifying that the new mints were an “inventory to reconstruct” on Ethereum. This means that funds serve as an inventory for future exchanges of broadcast and blockchain, rather than getting started immediately.
From the newly created offer, $ 1 billion was sent directly to Binance, the largest exchange of global crypto in commercial volume.
This transaction suggests that commercial activity on cryptographic markets has intensified, in particular after the new Bitcoin increase over $ 120,000.
The USDT plays an essential role in the cryptographic ecosystem by providing liquidity and exchanging stability on centralized and decentralized platforms. According to business data, Tether issued $ 4.4 billion in USDT In the last month only.
Tether’s USDT offer crosses $ 160 million
The latest press wave led Tother’s total market capitalization to a level above $ 160 billion.
Ardoino praised the milestone as a testimony to the usefulness of the real world of the USDT, especially in emerging and developing markets.
According to him:
“(This is) a new breathtaking step, a declaration of unequaled usefulness of the 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 USD on Ethereum and 81 billion dollars on Tron. It also contains smaller but increasing footprints on other channels, including $ 2 billion on Solana, $ 530 million in tonnes and $ 480 million on Avalanche.
Meanwhile, the Stablecoin company stressed that its emitted tokens remain fully supported.
In the second quarter of 2025, Tether said he had more than $ 127 billion in the US Treasury. This includes direct assets, indirect exposure via money market funds and resettlement agreements.
This means that if the ties were a country, it would be classified as the 18th largest holder of the Debt of the American government.
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