The post Tether and Circle mint 1B USDT on Tron and 250M USDC on Solana, respectively appeared on BitcoinEthereumNews.com.

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 250M USDC on the Solana network. Data revealed that Tether has minted 3B USDT on Tron since the beginning of 2025. Circle has also minted a total of 7.75B 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! 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… https://t.co/6N6Iv5sJoi pic.twitter.com/DGHWd5u5Yt — Spot On Chain (@spotonchain) February 19, 2025 Blockchain data showed that the USDT issuer minted another 1B USDT on the Tron network and pushed its total minted tokens this year to 3B. 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 ($76.9B) and TRON ($61.7B). Paolo Ardoino, Tether CEO, revealed the company’s attestation for Q4 2024, which indicated that Tether garnered $13.7 billion in profits for the year 2024. The company also gained ~$6 billion in profits for Q4 2024 and $113 billion in direct and indirect holdings. The report also highlighted that the company issued $23 billion USDT in Q4 2024.…

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Filed under: News - @ February 19, 2025 6:20 am