Tron (TRX) Faces Mixed Signals as Tether Expands Stablecoin Supply Amid Market Stabilization
Tether has significantly increased its stablecoin supply by minting 3 billion USDT across Ethereum and TRON networks, highlighting strong demand for liquidity as crypto markets stabilize. However, this expansion comes alongside reports of rising illicit activity involving stablecoins on both blockchains. Meanwhile, TRON (TRX) shows weakening technical indicators, raising questions about its near-term price trajectory.
Tether Expands Stablecoin Supply with 3 Billion USDT Minted Across Ethereum and TRON Networks
Tether has issued 2 billion USDT on Ethereum following a 1 billion USDT minting on TRON, signaling robust demand for stablecoin liquidity as cryptocurrency markets stabilize. The move comes amid reports of increased illicit activity involving stablecoins on both blockchain networks.
Ethereum’s price struggles to break through key resistance at $1,860 while TRON shows weakening technical indicators, with its RSI dipping below the neutral 50 level. market participants interpret Tether’s accelerated minting activity as a response to growing trading volumes and capital rotation needs.
Cryptocurrency Market Update: Bitcoin Stabilizes at $95K, Tether Expands Supply
Bitcoin price shows resilience NEAR the $95,000 level after an 11% weekly gain, though it struggles to break March’s peak. The flagship cryptocurrency’s consolidation follows a decisive move above its 200-day EMA, suggesting underlying bullish sentiment despite short-term resistance.
Tether’s aggressive minting of 3 billion USDT across Ethereum and TRON networks signals growing demand for stablecoin liquidity. This expansion typically precedes heightened trading activity, potentially foreshadowing increased volatility across crypto markets.
Crypto Market Holds Steady Amid Slight Altcoin Dip
The cryptocurrency market remains stable despite minor declines in the altcoin sector. The global crypto market capitalization stands at $3.10 trillion, reflecting a marginal 0.17% drop. Market sentiment, as measured by the Fear & Greed Index, remains neutral at 56, signaling sustained investor interest.
Bitcoin ($BTC) continues its upward trajectory, gaining 0.09% to trade at $94,951, while Ethereum ($ETH) rises 0.38% to $1,810. Both assets strengthen their market dominance, with BTC at 60.87% and ETH at 7.06%. However, other major altcoins—including $SOL, $TRX, $XRP, and $BNB—record slight losses between 0.26% and 1.85%.
$PASTERNAX and $XMR emerge as top daily gainers, offsetting broader altcoin weakness. The market’s resilience underscores Bitcoin’s leadership role amid selective profit-taking in alternative assets.