Tron surpasses Ethereum in USDT supply

Tether has minted $1 billion USDT on Tron, pushing the blockchain’s authorised supply beyond Ethereum’s.

Bitcoin and Ether fell as traders took profits and positioned themselves ahead of Federal Reserve Chair Powell’s Jackson Hole speech.

Tether has minted $1 billion in USDT on the Tron blockchain, pushing its authorised supply beyond Ethereum’s. The move signals a new phase in the competition between the two networks for stablecoin dominance.

According to Tether’s transparency data, Tron’s authorised USDT now exceeds $74.7 billion, overtaking Ethereum’s $74.5 billion. In terms of actual circulating supply, Tron also leads with $73.6 billion compared to Ethereum’s $71.8 billion.

Tether’s CEO Paolo Ardoino explained that such mints help maintain inventory and meet future issuance demands. By pre-minting tokens, the firm ensures liquidity for swaps and transfers across blockchains.

As the stablecoin market grows, networks like Solana and Avalanche continue to trail behind, with authorised supplies of $2.3 billion and $1.8 billion respectively.

Tether now commands 61% of the stablecoin market, with $150 billion in circulation. Rival Circle holds 24.6%, maintaining $60.4 billion in stablecoins across blockchains.

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