Tether Just Minted $2 Billion USDT—Pushing Total Supply to a Staggering $160 Billion ATH

Tether's printing press is running at full throttle—again. The stablecoin giant just added another $2 billion to its USDT supply, catapulting its total market cap to a jaw-dropping $160 billion. Who needs a central bank when you've got a blockchain?

Demand or dilution? Critics scream 'fractional reserve' while traders shrug and stack Tethers for liquidity. Meanwhile, Bitcoin whales keep using USDT as their personal offshore banking system—because nothing says 'decentralized finance' like a centralized stablecoin.

One thing's clear: When crypto markets twitch, Tether's minters get rich. The real question? Whether this is organic growth or financial engineering at its most... creative.

Tether’s USDT supply crosses $160 million

The latest minting spree has driven Tether’s total market capitalization to an all-time high above $160 billion.

Ardoino hailed the milestone as a testament to USDT’s real-world utility, especially in emerging and developing markets.

According to him:

“[This is] a new mind-blowing milestone, a statement of the unrivaled utility of USDT as the digital dollar for billions of people living in emerging markets and developing countries.”

According to the company’s figures, Tether has issued more than $74 billion in USDT on Ethereum and $81 billion on Tron. It also holds smaller but growing footprints on other chains, including $2 billion on Solana, $530 million on TON, and $480 million on Avalanche.

Meanwhile, the stablecoin company emphasized that its issued tokens remain fully backed.

In Q2 2025, Tether reported having over $127 billion in exposure to US Treasurys. This includes direct holdings, indirect exposure via money market funds, and reverse repo agreements.

This means if Tether were a country, it WOULD rank as the 18th-largest holder of US government debt.