Tether has minted $10B USDT on TRON since the start of 2025

Tether, Inc. resumed minting USDT on TRON, breaking the $10B milestone for the year to date. TRON remains in the top spots in terms of USDT transfers, both in terms of wallet liveliness and value. 

The minting wallet of Tether, Inc. created another 1B USDT on the TRON network. On-chain data shows the minting wallet moved 1B tokens from a black hole address into the multisig minting wallet. 

The newly minted 1B USDT on TRON were then moved to the Tether Treasury wallet to be deployed as liquidity. 

After the latest mint, the total supply of USDT on TRON is over 69.71B tokens, distributed to over 64M wallets. For the month of March, TRON reported over 9M active USDT wallets. The TRON network is still lagging behind Ethereum in total USDT supply, as well as raw volume transfers. However, TRON remains one of the liveliest networks for stablecoins. 

Tether deploys USDT on TRON as additional liquidity

Soon after the minting transaction, the Tether Treasury renewed its liquidity operations. USDT remains the most influential stablecoin, with over 147B tokens in total supply. 

The TRON-based liquidity expanded by 10B in the year to date, while the supply on Ethereum also expanded to over 74.52B tokens. 

Soon after the minting, the Treasury wallet sent 500M USDT to the HTX centralized exchange. 

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #USDT (499,503,750 USD) transferred from Tether Treasury to #HTXhttps://t.co/1Od81bg29q

— Whale Alert (@whale_alert) April 21, 2025

The market operator is one of the prominent partners of TronDAO and has often received USDT liquidity. HTX has supported the USDT TRON version since 2019, boosting its liquidity through the fast-expanding supply. HTX carries just around 1% of USDT trading activity, with most of the volumes concentrated on Binance. However, Binance also accepts TRX-20 USDT, and may be able to make use of the additional liquidity.

USDT is the main stablecoin for the formation of trading pairs, as HTX is working in an international market and not restricted in using the stablecoin. The increased available liquidity arrives at a time when major coins and tokens are attempting a recovery. The minting and inflow of stablecoins often coincide with Bitcoin (BTC) rallies. 

TRON remains the leader for on-chain fees

The increased activity on TRON is reflected in the fees generated by the chain and its apps. TRON surpassed Solana with $1.2M fees for general network usage in the past 24 hours, based on Artemis data.

For the past week, TRON was the biggest fee producer among networks, protocols and apps, with $68.66M in fees, most of them paid out to validators. Tether produced $98.11M from fees for all its networks for the week ended April 20. 

USDT on TRON remains the busiest smart contract, but this time, the stablecoin is even more active due to gas-free transfers. The TRON network competes with BNB Smart Chain, which also recently saw increased USDT transfers from 12M wallets.

TRX remains one of the more predictable crypto assets, trading around $0.24 during the recent market turbulence. TRX remains one of the few reliably deflationary assets, aiming to boost the reputation of its native chain.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More