Tether, the issuer of the world’s largest stablecoin USDT, minted another $1 billion on the TRON blockchain on April 21, according to on-chain data.
This latest issuance brings Tether’s total USDT supply on TRON in 2024 to $10 billion, reflecting a significant uptick in demand for stablecoins on the network.
Traders Drive Stablecoin Growth on TRON
The rising USDT supply corresponds with a broader surge in stablecoin activity, as traders increasingly rely on them for:
- Fast and low-cost transfers
- Hedging against crypto market volatility
- Bypassing traditional banking delays
TRON has remained a favored network for stablecoin usage due to its high transaction speed and minimal fees, making it a preferred platform for high-volume trading and cross-border transactions.
Tether’s continued minting indicates that stablecoins remain a central pillar of the crypto economy, especially amid ongoing global financial uncertainty and increased demand for dollar-pegged digital assets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/tether-mints-1-billion-in-usdt-on-tron-as-stablecoin-demand-surges/