Tether Has Minted 16 Billion USDT on the Tron Blockchain

Tether has minted 16 billion USDT on the Tron blockchain since the beginning of 2025, pushing the total USDT issued on Tron to over $75.7 billion.

In 2025 alone, Tether has minted 16 billion USDT on the Tron blockchain, pushing the total to over $75.7 billion.

This move has seen the TRC-20 supply of Tether’s USDT exceed that of Ethereum’s ERC-20 standard for the first time, according to data from Lookonchain and TronScan.

As of May 16, more than 50% of the total USDT market supply is hosted on the Tron network.

With USDT’s total market capitalization standing at $151 billion, Tron’s share of over $75.7 billion puts it in the lead.

This surpasses Ethereum, which until early May held the largest portion of USDT.

Adding to this observation, market analyst Maartunn, citing CryptoQuant data, reported on May 12 that Tron’s USDT circulation had reached $73.8 billion, outpacing Ethereum’s $71.9 billion.

The figures have since risen, confirming the shift in supply dominance between the two blockchains.

This transition highlights shifting network preferences, especially for stablecoin usage.

Tether CEO Paolo Ardoino noted on X that a part of the USDT mints are allocated to replenishing the company’s inventory on supported blockchains.

These pre-minted tokens are kept in reserve to handle future issuance requests or facilitate chain swaps.

Similar to traditional inventory management systems, this approach enables Tether to maintain consistent on-chain liquidity without delays during peak demand.

Activity on Tron Surges Amid Stablecoin Expansion

The surge in USDT trading within the Tron network coincides with a broader increase in overall activity on the network.

In the preceding week, Tron crossed the 60 million transaction mark, making it the third most active blockchain globally.

Within the same period, no other network processed as many transactions as Solana’s 433 million or Base’s 67 million.

Many people use Tron to exchange stablecoins due to its large user base and high transaction capacity.

It may also affect the trend because Tron’s system becomes more efficient and cost-effective as vast amounts of USDT are handled.

Broader Market Context and Stablecoin Redistribution

Aftermarket volatility in late 2024 saw an increase in demand for USDT and outpaced other stablecoins.

Due to falling values for Ethereum, Solana, and similar cryptoassets, many investors shifted their holdings to stablecoins to preserve their funds.

This led to increased USDT supply across multiple networks, with Tron now being the top platform for creating new USDT.

Tether’s production of 16 billion USDT on Tron in 2025 showcases the magnitude of shifting demand.

The network’s USDT supply continues to grow, suggesting that further increments are likely.

This centralized model allows them to adjust the amount of Tether across chains as market changes necessitate it.