Tether, the world’s largest stablecoin emittent, brought an extra $ 2 billion USDT on the Ethereum blockchain on July 16.
Tether CEO Paolo Ardoino confirmed The coin via a message on X, so that the new coins were an “inventory supplement” on Ethereum. This means that the funds serve as a stock for future issue and blockchain -swaps, instead of immediately entering the blood circulation.
Of the newly beaten offer, $ 1 billion was sent directly to Binance, the largest global crypto exchange through trade volume.
This transaction suggests that trading activities on crypto markets are intensified, especially after Bitcoin’s new of all time high above $ 120,000.
USDT plays a crucial role in the crypto ecosystem by offering liquidity and trading stability on centralized and decentralized platforms. According to company data, Tether spent $ 4.4 billion in USDT in the past Month alone.
Tether’s USDT offer crosses $ 160 million
The newest Mining Spree has brought Tether the total market capitalization to a record high above $ 160 billion.
Ardoino greet The milestone as a proof of the real usefulness of USDT, especially in emerging and developing markets.
According to him:
‘[This is] A new stunning milestone, a statement of the unparalleled use of USDT as the digital dollar for billions of people who live in emerging markets and developing countries. “
According to the company’s figures, Tether has spent more than $ 74 billion in USDT on Ethereum and $ 81 billion on Tron. It also has smaller but growing footprints in other chains, including $ 2 billion on Solana, $ 530 million on ton and $ 480 million in Avalanche.
In the meantime, the Stablecoin company emphasized that have been published to remain fully supported.
In Q2 2025, Tether reported more than $ 127 billion in exposure to American treasurys. This includes direct interests, indirect exposure through money market funds and reverse repo agreements.
This means that if Tether were a country, this would rank the 18th largest holder of the US government debt.