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Tether mints $1B USDT for future issuance on Ethereum

Published date:

February 2, 2026

Tether mints $1B USDT for future issuance on Ethereum

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Stablecoin issuer Tether minted $1B worth of USDT tokens at Tether Treasury to meet future issuance demands on the Ethereum network.

PSA: 1B USDt inventory replenish on Ethereum Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.https://t.co/Y1bqxZglgR
— Paolo Ardoino (@paoloardoino) June 12, 2023

On June 12, data analytics firm Whale Alert reported that the firm behind the stablecoin with the largest market cap printed $1B USDT tokens in its latest mint.

Subsequently, Tether CTO Paolo Ardoino took to Twitter to clarify that Tether’s fresh batch of USDT tokens serves as inventory replenishment for the firm. According to him, the $1B worth of stablecoin assets will support chain swaps and aid third-party crypto exchanges in rebalancing their USDT reserves. In his words,

“This is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.”

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Similarly, crypto exchange Binance announced it will collaborate with the Tether team to swap $750M in USDT from TRON (TRX) to the Ethereum (ETH) blockchain hours after Ardoino published his tweet.

It is worth noting that this is not the first time Tether has minted a large amount of USDT tokens. Earlier in March 2023, the stablecoin issuer minted a batch of $1B USDT, with Ardoino posting a similar tweet on using the freshly minted stablecoin assets as inventory for future issuance of USDT.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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