Tether mints $1b USDT on Tron: liquidity flood incoming?

Just months after its previous major mint event, Tether has once again minted a significant amount of tokens, likely in anticipation of increased demand.

A recent move suggests Tether is preparing for a new wave of liquidity. On Monday, June 9, Tether minted $1 billion USDT on the Tron (TRX) blockchain, according to several blockchain analysts. This represents a sizable liquidity injection, even for the world’s largest stablecoin.

Notably, the $1 billion mint accounts for more than 1% of all USDT supply on Tron, the blockchain that hosts the majority of USDT tokens. Currently, USDT supply on Tron stands at $76 billion, followed by Ethereum (ETH) with $63.2 billion. Tether’s total circulating supply is 156 billion.

Tether’s move is seen as a bullish signal by many traders. Historically, the stablecoin issuer mints USDT in anticipation of future demand for liquidity. While the freshly minted tokens have not yet entered circulation, their creation suggests that Tether expects rising demand and increased trading volume in the near term.

This behavior has led to a recurring pattern: USDT issuance often coincides with bullish momentum across the crypto market. Tether’s last major mint occurred on May 21, when it issued 2 billion USDT on Tron. Just one day later, Bitcoin rose to its all-time high of $111,000.

Tether dismisses calls for IPO

Tether remains a private company and is one of the largest for-profit entities in the crypto industry. Notably, analyst Jon Ma estimated that a Tether IPO would value the company at $515 billion. However, CEO Paolo Ardoino dismissed the idea, stating there is no need for the company to go public.

Still, listing publicly would bring greater financial transparency—an area where Tether has faced longstanding criticism. Most recently, proposed U.S. stablecoin regulation has raised concerns that Tether could be pushed out of the market unless it adjusts its approach to disclosures.