Tether Mints $2 Billion USDT, Transfers $1 Billion to Binance –
Tether, the issuer of the popular stablecoin USDT, minted $2 billion in new tokens on Wednesday, July 16, 2025, with $1 billion transferred directly to the cryptocurrency exchange Binance, according to a post on X by blockchain analytics firm Arkham.
The move, detailed through images from Ethereum’s blockchain explorer, brings Tether’s total USDT supply to approximately $160 billion. The transaction reflects a strategic effort to meet surging demand in the crypto market, bolstered by Tron’s $1.93 trillion trading volume in the second quarter of 2025.
Tether’s reserves, reported at $149 billion in its first-quarter 2025 report, include $120 billion in U.S. Treasuries, supporting the stablecoin’s 1:1 peg to the U.S. dollar. However, the minting has sparked debate about market stability, with historical instances of temporary depegs—such as USDT dropping to $0.95 in 2018—raising concerns over reserve transparency.
The blockchain data suggests a complex flow of funds involving multiple addresses, hinting at potential chain swaps or liquidity adjustments. This mirrors past actions, like the 2019 migration from the OMNI to Ethereum blockchain, which influenced altcoin price dynamics.
The development comes as Bitcoin reclaimed the $119,000 mark, fueling discussions about potential market stabilization or price manipulation tactics. Further analysis of the funds’ movement is underway to determine their impact on the broader cryptocurrency ecosystem.
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