USDT Surpasses 160 Billion Milestone Amid Regulatory Challenges and IPO Speculation
Tether's USDT has reached a historic milestone with its supply surging to 160 billion tokens, reinforcing its position as the leading digital dollar in emerging markets. This achievement follows a significant 2 billion USDT minting spree, driven by institutional partnerships and growing speculation about a potential initial public offering (IPO). However, the stablecoin faces increasing regulatory scrutiny as the GENIUS Act progresses toward a U.S. vote, which could potentially ban Tether operations in the country, mirroring earlier restrictions imposed by the EU. Despite these challenges, Tether's dominance in the cryptocurrency market remains unchallenged, highlighting its critical role in the digital asset ecosystem.
Tether Hits 160 Billion USDT Milestone Amid Regulatory Uncertainty
Tether's USDT supply has surged to a record 160 billion tokens, cementing its dominance as the digital dollar for emerging markets. The milestone follows a 2 billion USDT minting spree, fueled by institutional partnerships and speculation about a potential IPO.
Regulatory clouds gather as the GENIUS Act moves toward a U.S. vote. The legislation could ban Tether operations stateside, echoing earlier EU restrictions under MiCA. Market analysts warn such measures might destabilize crypto's liquidity backbone during a fragile growth phase.
Tether Mints $2B in USDT as Supply Surpasses $160 Billion Amid Bitcoin Rally
Tether has minted an additional $2 billion of its USDT stablecoin on the Ethereum blockchain, pushing its total supply to a record $160 billion. The move coincides with Bitcoin's rally to new all-time highs above $120,000, signaling heightened trading activity across cryptocurrency markets.
Binance received $1 billion of the newly minted USDT, reinforcing its position as the primary liquidity hub for crypto trading. Tether CEO Paolo Ardoino characterized the minting as an inventory replenishment for future issuance rather than immediate circulation.
The stablecoin issuer now holds over $127 billion in US Treasury reserves, placing it among the world's largest debt holders. USDT's multi-chain expansion continues with $74 billion on Ethereum, $81 billion on Tron, and growing footprints on Solana, TON, and Avalanche.
Tether Mints $2B USDT Amid Bitcoin's Rally to $119K, Highlighting Institutional Demand
Tether, the dominant stablecoin issuer, has minted $2 billion in new USDT tokens, with half immediately transferred to Binance. This liquidity surge coincides with Bitcoin's sharp rebound to $119,000, suggesting institutional players are positioning for volatility.
USDT's circulating supply now exceeds $160 billion, up from $118.4 billion in August 2024. CEO Paolo Ardoino frames this growth as part of a global shift toward blockchain-based dollars, particularly in emerging markets.
The Binance-bound $1 billion injection signals heightened trading activity expectations. Such large-scale minting events historically precede significant market movements, whether rallies or corrections.
GroveX Launches Credit Card Crypto Buying Feature to Simplify Digital Asset Purchases
GroveX, an emerging cryptocurrency exchange, has unveiled a new credit card crypto buying feature designed to streamline access to digital assets. The platform announced the development via its official X account, emphasizing ease of use for both novice and experienced investors.
The feature supports direct purchases of major cryptocurrencies including Tether (USDT), TRON (TRX), Ethereum (ETH), and Binance Coin (BNB). Transactions can be completed in a few clicks, with integrated debit and credit card payments eliminating traditional entry barriers.
This MOVE signals GroveX's push to capture market share by reducing friction in crypto onboarding—a persistent industry challenge. The exchange's focus on simplicity mirrors broader trends as platforms compete to attract retail investors amid growing institutional adoption.
