$1 Billion USDT Minted on TRON – Can TRX Reach $1?

Tether is committed to expanding its stablecoin supply by minting $1 billion batches of USDT on the TRON blockchain.

This move signals Tether’s dedication to bolstering liquidity across chains while highlighting the rapid expansion of TRON’s decentralized finance (DeFi) ecosystem.

Tether’s strategic expansion on TRON

On Wednesday, on-chain data analysis by the X account Lookonchain reported that Tether’s Treasury minted a $1 billion batch of USDT one week after the previous billion-dollar batch.

Tether(@Tether_to) minted another 1B $USDT on #TronNetwork 8 hours ago.https://t.co/OiPZ2Zw52y pic.twitter.com/2dsRyBCd3I

— Lookonchain (@lookonchain) February 5, 2025

This minting event highlights the growing demand for stablecoins, particularly during periods of heightened market activity. TRON remains a key blockchain for decentralized finance (DeFi) applications and cryptocurrency transactions.

Reports emerged last November that Tether was minting USDT on TRON and paying zero transaction fees. The total amount of USDT on the TRON network currently amounts to $61,742,996,582.03, according to Tether’s transparency page.

This minting frenzy significantly increases the circulation of USDT.

As the fourth-largest cryptocurrency with a market cap of $144.4 billion, Tether is the most widely used dollar-pegged stablecoin in digital asset transactions and trading.

Influence of Tether’s USDT minting spree on Tron’s TRX token price

Tether’s clear vote of confidence in the TRON network has done little to buoy the $TRX token this week or over the last three months.

$TRX has been in a gradual decline, dropping 46% since hitting an all-time high of $0.4313 on December 4, 2024.

In the last 24 hours, $TRX rose 1% to trade at $0.2311. This rise is consistent with Bitcoin‘s performance, which also added 1% overnight.

However, zooming out to TRON’s intraweek performance, $TRX has held the fort better than any of the 20 largest cryptocurrencies by market cap except Bitcoin.

It lost 9.5% as Bitcoin lost 5%, while all other major projects tumbled by double-digit percentages in the tens and twenties.

$TRX’s relative strength indicator (RSI) has been largely above 50 since the start of February, indicating strong buying momentum throughout this month so far.

TRON and USDT investors diversify with Best Wallet

With Tether growing its supply across chains and $TRX retaining value better than most cryptocurrencies this week, there are clear indicators that crypto is entering a period of relative stability and variety, which bodes well for the industry under pro-crypto Donald Trump’s term.

Another investment attracting significant capital is the ICO for Best Wallet’s new native utility token, $BEST. Best Wallet is a next-generation cryptocurrency wallet that analysts say is likely to unseat Trust Wallet and MetaMask from their lofty positions in the sector.

More than just a secure self-custody solution, Best Wallet has everything crypto investors and traders need to stay on top of a changing market.

Over $9M Raised and counting!
The Best Wallet ecosystem keeps expanding, and $BEST holders are securing early entry.
Don’t miss this chance to unlock exclusive Alpha and VIP trading benefits.
Join Now! https://t.co/he5kzra7TY pic.twitter.com/OQb3grXwgh

— Best Wallet (@BestWalletHQ) February 3, 2025

Much of the hype is centered on the wallet’s “Upcoming Tokens” feature, which selects the most promising crypto projects, often while they are still in their ICO phases, allowing Best Wallet users to make moves before everyone else.

Moreover, it highlights all the most rewarding staking opportunities to optimize the earning potential of your portfolio.

Best Wallet currently supports over 1,000 cryptocurrencies, including Tether and TRON. It uses Fireblocks’ MPC-CMP encryption to keep user assets secure.

$BEST is currently priced at $0.0239, but it will rise by a fraction as the presale progresses through to the next round in little over 24 hours.

All this has helped the new Best Wallet presale to raise around $9.3 million so far.

Follow Best Wallet on X and Telegram.

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