Stablecoin issuer Tether has minted another $1 billion worth of USDT tokens on the TRON blockchain, potentially boosting its market capitalization to $117 billion.

Tether, the largest stablecoin issuer by market capitalization, has created another $1 billion in its native USDT coin for the TRON ecosystem to enhance its liquidity. According to TRON explorer, the contract address TBPx…ATto minted the tokens on Aug. 20 and sent the entire amount to TKHu…QgFs, which is believed to be Tether’s Treasury address.

USDT’s market capitalization reached $117 billion following the latest transaction.

As of press time, the amount of USDT tokens in circulation on the TRON blockchain appears to be unchanged and remains around $60.8 billion, according to Tether’s Transparency report.

Tether boosts liquidity on TRON

Earlier similar transactions by Tether had raised speculation about increased market liquidity. However, the Tether CEO clarified that previous minting operations were “authorized but not issued transactions.”

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.

Should Tether proceed to issue the $1 billion in USDT tokens into circulation, it would further solidify TRON’s position as the largest network by minted USDT tokens, surpassing Ethereum, which holds nearly $53 billion in USDT. Other networks, such as Solana, Algorand, and Celo, lag significantly behind in USDT liquidity, with differences of several billion dollars, according to data from Tether.

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