Tether mints an additional $3 billion in USDt stablecoins
According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.
Stablecoin issuer Tether minted an additional $3 billion in USDt (USDT) tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin (BTC) as it approaches the $100,000 price level.
Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain, and an additional $1 billion USDt was minted on the Tron network in back-to-back transactions.
According to Lookonchain, Tether has minted approximately $13 billion USDt since November 8, 2024. On November 24, Tether CEO Paolo Ardoino said, “In 2025, Tether will need to reach hyper-productivity to accomplish our grand vision.”
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Author: Vince Quill
