Tether Abruptly Prints $8,000,000,000 in USDT on Ethereum (ETH) and TRON As Crypto Market Recovers
Stablecoin giant Tether has minted $8 billion dollars worth of its flagship USDT in the last 25 days alone, according to on-chain data.
Citing Arkham data, on-chain analytics firm Spot On Chain reports that Tether minted $1 billion in USDT on the Ethereum (ETH) network early on Monday.
And in the last 25 days, Tether has minted a total of $6 billion on Ethereum and another $2 billion on the Tron (TRX) network.
The massive mint coincides with big rallies for Bitcoin (BTC) and much of the altcoin space.
USDT, which is currently the largest stablecoin by a significant margin, hit another all-time high in market cap once again over the weekend as it touched the $163.6 billion level. Tether’s gold-pegged stablecoin, XAUT, is also at all-time highs amid surging demand from central banks for the yellow metal.
As Tether’s profits from its ballooning stablecoins grow, the company has expanded its investment horizons as well.
Some noteworthy companies Tether has invested in include the video sharing platform Rumble, brain-to-interface medical equipment firm BlackRock Neurotech, blockchain intelligence firm Crystal Intelligence, Bitcoin treasury company Twenty One, various stablecoin-related businesses, and Juventus, one of the most popular and successful European soccer clubs in the world.
According to Tether Ventures, it is aiming to back firms that further decentralization and individual sovereignty.
“Our focus spans critical sectors including payment infrastructure, renewable energy, Bitcoin, agriculture, artificial intelligence, and tokenization. Our capital is not merely financial; it is a catalyst for change.
We back projects that reduce reliance on centralized systems, promote privacy, and empower individuals globally. Through strategic investments and partnerships, we are actively shaping a more resilient and equitable world.”
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