On September 4, 2025, Tether minted $2 billion of USDT on the Ethereum blockchain. This action, as confirmed by CEO Paolo Ardoino, relates to inventory management and is not intended to immediately boost circulation.
Confirmation from Tether CEO
Tether minted $2 billion of USDT on Ethereum, confirmed by CEO Paolo Ardoino. He noted that this is part of routine inventory management for swaps with Binance and does not imply an immediate increase in supply. Ardoino stated, "This is an inventory replenish for future issuance and blockchain swaps, not an immediate injection into circulation."
Impact on Liquidity and Market Dynamics
The minting of USDT on Ethereum increases Tether’s total supply, expected to impact liquidity. Over $1 billion has been directed to Binance, indicating potential trading activity. Historical data shows that large mint events can alter market dynamics.
Potential for Trading Shifts
This activity aligns with observed patterns of minting non-circulating inventory. Exchanges like Binance may experience increased trading activity due to the liquidity influx. Historical data indicates significant increases in trading volumes, especially for BTC and ETH pairs following mint events.
Therefore, the minting of $2 billion USDT on the Ethereum blockchain reinforces Tether’s market position and could lead to increased liquidity and shifts in trading dynamics within the cryptocurrency space.
