Crypto news

Tether Just Printed $8 Billion—Is Your Crypto Portfolio Ready to Party?

BBG News

In the latest episode of “As the Stablecoin Turns,” Tether has graced us with an $8 billion shower of USDT over the past eight days, minting so much digital money, even Monopoly is starting to feel threatened. The cash parade spanned both Tron and Ethereum networks—because when you’re flexing, you flex everywhere, darling. This massive dose of liquidity might throw the whole crypto market into the kind of high-octane rally that sends Twitter degen traders into a meme-driven frenzy. 📈✨

Tether Goes Brrr: $1 Billion Fresh on Tron

Stop the presses—just four hours ago, Tether minted ANOTHER $1 billion USDT on the Tron blockchain. Because clearly, they’ve never heard of subtlety. If you thought your parents were aggressive with the “Are you seeing anyone?” questions, you haven’t seen issuance like this.

On-chain numbers show that since April 28, Tether’s been printing USDT to the tune of $8 billion split across Tron and Ethereum. That’s a lot of zeroes, enough to make other stablecoins (USDC, BUSD, RLUSD, etc.) feel like the off-brand seltzer at a billionaire’s yacht party. Basically, everyone using DeFi and trading desks is now swimming in stablecoins, and the demand for liquidity is so high, even your grandma’s bridge club is starting to ask what USDT is.

The latest transparency numbers show Tether’s got $71.4 billion USDT floating around on Tron, while Ethereum’s got $72.8 billion (yeah, it’s close, and yes, this is the only blockchain arms race where nobody runs). If Tron gets just a touch more—$1.4 billion to be exact—they snag the title for “Biggest USDT Blockchain” again. They swap this crown like siblings sharing one Netflix account.

Solana’s over here like, “Hey guys, I exist too,” with a $1.9 billion USDT supply. Cute! Not to be outdone, the grand total across all blockchains is now a record $149.4 billion USDT, up 8.6% since January. Tether is holding 61% of the entire stablecoin market, which basically makes it the Starbucks of stablecoins—everywhere, unavoidable, occasionally causing drama.

Meanwhile, Tether CEO Paolo Ardoino is feeling bullish thanks to the potential return of a Trump White House—because nothing says “regulatory clarity” like a reality star in the Oval Office. And if that isn’t enough, Tether is now teasing “Tether AI,” a machine learning product for DeFi. Because when you’re printing imaginary dollars, why not sprinkle in a little artificial intelligence to spice things up?

Party Time for Crypto Markets?

Bitcoin is loitering around $94,500—acting like it has somewhere better to be. Altcoins? They’re consolidating harder than my New Year’s resolutions by Valentine’s Day. But with this much new USDT, some say we could see crypto markets rally like it’s 2021 again (cue the endless laser eyes on Twitter profiles everywhere).

Elsewhere in economics cosplay, U.S. Treasury Secretary Scott Bessent wants the Fed to cut rates, which could add some extra fizz to the crypto punch bowl. And just to round out the plot twists, President Trump says he’ll lower tariffs on China because, apparently, the solution to every problem is “turn it off and back on again.” Or, in this case, just slash tariffs like you’re playing Fruit Ninja.

Create your own AI companion on HeyReal.ai. [Learn more](https://pollinations.ai/redirect/2774941)

Read More

2025-05-06 10:16

Previous post HoYoverse showcases teaser for Honkai: Nexus Anima, a new Honkai IP game with urban fantasy and auto battles
Next post Farmer Wants A Wife Star Jarrad Spotted Acting Single After Filming Wraps