Ethereum News Today: Tether Mints $1 Billion USDT on Ethereum, Strengthening Stablecoin Dominance

Tether Treasury has recently minted an additional 1 billion USDT on the Ethereum blockchain, reflecting the ongoing expansion of the stablecoin’s presence in the digital asset ecosystem [1]. This move, tracked by Whale Alert and reported by BlockBeats, underscores Tether’s continued dominance in the stablecoin market, particularly on the Ethereum network where approximately $69.3 billion in USDT is currently in circulation [5]. With this latest issuance, Tether’s total USDT on Ethereum now accounts for more than half of the $133 billion stablecoin supply on the chain [3].

The newly minted liquidity is expected to be rapidly deployed by market makers and exchanges, influencing trading volumes and broader market dynamics on major crypto platforms. This aligns with the broader trend of stablecoins being increasingly used as a medium of exchange and settlement in the crypto space [2]. As Ethereum-based stablecoin usage grows, Tether’s role in providing liquidity and supporting price stability remains central to the ecosystem.

In parallel, Tether has been strengthening its institutional credibility. The hiring of the former head of the Trump administration’s crypto advisory council signals a strategic shift toward greater regulatory engagement [6]. Additionally, the company recently secured an $11 million funding round featuring Franklin Templeton and Triton Capital, demonstrating continued institutional confidence in its operations and growth trajectory [1].

While Tether’s actions are likely to be closely watched by investors and regulators, the broader crypto market remains subject to external macroeconomic pressures and regulatory developments. However, the company’s recent moves indicate a deliberate effort to enhance its governance structure and align with mainstream financial standards.

Source:

[1] The New Force of Stablecoins: Analysis of Eight Potential (https://m.odaily.news/en/post/5205809)

[2] The Inflation Secret Wall Street Doesn't Want You To Know (https://www.msn.com/en-in/money/technology/stablecoins-are-quietly-exploding-the-dollar-the-inflation-secret-wall-street-doesnt-want-you-to-know/ar-AA1KrSZP)

[3] Wall Street Strategist Tom Lee Is Betting $250 Million That (https://www.aol.com/wall-street-strategist-tom-lee-084500873.html)

[5] Safest Stablecoin in 2025: USDC vs USDT, EURC and USDe (https://www.datawallet.com/crypto/what-is-the-safest-stablecoin)

[6] Tether hires former head of Trump's crypto advisory council (https://www.reddit.com/r/CryptoCurrency/comments/1mv89qy/tether_hires_former_head_of_trumps_crypto/)