Tether Mints Additional USDT on Tron Network

The world’s largest stablecoin issuer, Tether, minted an additional $1 billion worth of USDT on the Tron network in the past 11 hours. At the same time, Circle also minted another $250 million USDC on the Solana network.

Data revealed that Tether has minted 3 billion USDT on Tron since the beginning of 2025. Circle has also minted a total of 7.75 billion USDC on Solana since the start of the year.

Tether and Circle Mint Additional USDT and USDC Stablecoins

> More stablecoins (USDT & USDC) were minted in the past 11 hours, including 1B $USDT on #Tron and 250M $USDC on #Solana!
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> Since the start of 2025, #Tether has minted 3B $USDT on Tron, while #Circle has minted 7.75B $USDC on Solana. Notably, direct minting on Ethereum has been… Spot On Chain Tweet

Blockchain data showed that the USDT issuer minted another 1 billion USDT on the Tron network, bringing its total minted tokens this year to 3 billion. The firm also revealed that it had over $134 billion in USDT tokens in circulation as of November 2024.

> “PSA: 1B USDt inventory replenish on Tron Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.” – Paolo Ardoino, CEO at Tether.

Tether’s new mint pushed its USDT supply to over $140 billion, with most of it being on Ethereum ($76.9 billion) and TRON ($61.7 billion).

Paolo Ardoino, Tether CEO, revealed the company’s attestation for Q4 2024, showing Tether garnered $13.7 billion in profits for the year. The company also gained about $6 billion in profits for Q4 2024 and had $113 billion in direct and indirect holdings.

The report highlighted that the company issued $23 billion USDT in Q4 2024. Ardoino noted that Tether had a total issuance of $45 billion USDT for the year, representing almost the entire market cap of the second largest stablecoin.

Tether acknowledged it has reached 400 million users globally, mainly from emerging markets. The firm had $7 billion in excess stablecoin reserves in 2024, marking a 36% increase year over year.

Data revealed Circle resumed USDC minting on Solana after a 7-day pause. The firm has minted $6 billion USDC on Solana in January and $1.5 billion in February. SpotOnChain noted this was Circle’s longest minting pause since previous mints were only 4 days apart.

The additional $250 million USDC is part of Circle’s ongoing efforts to expand its stablecoin’s reach and utility across various blockchain platforms. The firm has been minting batches of $250 million USDC for several weeks to meet market demand.

Tether’s Engagement with U.S. Lawmakers

Eleanor Terrett, a Fox Business journalist, reported that Tether is working with U.S. lawmakers to influence regulations for fiat-backed currencies in the U.S. Terrett revealed that Tether has not undergone a full audit but provides quarterly financial assessments from global accounting firm BDO.

She disclosed that Tether holds about 60% of the $230 billion stablecoin market and is one of the largest holders of U.S. debt, with over $114 billion in short-term Treasury bills.

Congress is drafting legislation to create a regulatory framework for stablecoins in the U.S. Ardoino stated they are actively engaging with top lawmakers on how best to shape the law.

Congressman Bryan Steil confirmed to Fox Business that Tether is participating in discussions around the STABLE Act, which he and Congressman French Hill introduced last week. Tether might need to submit to a full monthly audit by a U.S. accounting firm to comply with proposed regulations and maintain one-to-one reserves with pre-approved assets.