In a significant update, Tether Treasury has minted 1 billion USDT on the Ethereum blockchain at 10:22 AM. This represents a notable increase in the stablecoin’s circulating supply, amounting to approximately $1.003 billion. Tether has boosted the total supply of its stablecoin by generating new ERC-20 USDT tokens, a move generally supported by corresponding fiat reserves to uphold the 1:1 peg with the U.S. dollar.
This injection of liquidity offers increased capital for trading, lending, and various crypto activities, indicating a potential rise in demand from exchanges, DeFi platforms, or institutional investors. Ethereum continues to be the go-to network for USDT issuance, thanks to its strong ecosystem, advanced smart contract functionalities, and extensive adoption across the market. ERC-20 tokens such as USDT enjoy seamless integration across exchanges, wallets, and DeFi platforms, facilitating efficient capital movement.
Choosing Ethereum guarantees high liquidity, facilitating swift transactions across both centralized and decentralized finance protocols. Ethereum has been witnessing notable activity in conjunction with this stablecoin minting. The cryptocurrency recently reached a price of $4,500, as Ethereum ETFs are once again gaining traction among investors. In the latest development, the network experienced its most significant code upgrade since the Merge a few months back: the Pectra upgrade, which was launched on May 7, 2025. The recent “two-for-one” upgrade merges the Prague execution layer with the Electra consensus layer, incorporating 11 improvement proposals designed to elevate the experience for users, stakers, and developers across the board. In the meantime, analytics reveal the extent of the activity: USDT achieved a transaction volume of $484.17 billion, outpacing USD’s $319.20 billion.
This aligns with the recent USDC mint on Solana, which complements Tether’s significant USDT issuance on Ethereum, underscoring the increasing demand for stablecoin liquidity across various blockchains. Circle’s recent addition of 250 million USDC on Solana has propelled the total supply from $2.5 billion to an impressive $10 billion in a matter of weeks. These developments underscore the pivotal role of stablecoins in propelling trading, lending, and the expansion of DeFi, while also solidifying the essential positions of Ethereum and Solana within the blockchain landscape.