CRYPTO NEWSWIRE: Tether Mints $2 Billion USDT, Pushing Supply Past $160 Billion Tether minted an additional 2 billion USDT on the Ethereum blockchain on 16 July, according to on-chain monitoring services. Roughly half of the newly created tokens — about 1 billion USDT—were moved almost immediately from the Tether Treasury to Binance, the world’s largest crypto exchange by trading volume. The latest issuance pushes the dollar-pegged stablecoin’s circulating supply to a record of about $160 billion, continuing a rapid expansion that has added roughly $20 billion since the start of the year. TokenTerminal data show USDT outstanding on the Tron network alone has climbed to an all-time high near $81.7 billion. Chief Executive Officer Paolo Ardoino described the mint as an “inventory replenish,” explaining that the tokens will be deployed over time for customer redemptions, new issuance and cross-chain swaps. He reiterated that all coins are fully backed, pointing to Tether’s second-quarter disclosure of more than $127 billion in U.S. Treasury exposure through direct holdings, money-market funds and reverse-repo agreements. Circle, the issuer of rival stablecoin USDC, also expanded supply on 16 July, minting roughly $578 million, blockchain data show. The surge in fresh stablecoin liquidity comes as crypto trading volumes rise following Bitcoin’s recent record above $120,000, underscoring the demand for tokenized dollars across centralized and decentralized markets. #Tether #USDT #Stablecoin #CryptoNews #Cryptocurrency #Blockchain #Ethereum #Binance #CryptoMarket #TokenMinting #DigitalCurrency #CryptoTrading #TetherTreasury #StablecoinSupply #CryptoLiquidity #TronNetwork #USDTSupply #PaoloArdoino #TetherBacking #USDollar #CryptoExchange #TokenTerminal #CryptoExpansion #StablecoinMarket #Bitcoin #BTC #CryptoVolume #TetherMint #USDTIssuance #BlockchainData #CryptoFinance #StablecoinDemand #TetherTransparency #USDCP #Circle #CryptoEcosystem #DigitalAssets #CryptoEconomy #TetherReserves #CryptoUpdates #StablecoinNews #CryptoInvesting #BlockchainTechnology #TetherSupply #CryptoTrends #StablecoinLiquidity #CryptoBullMarket #TetherEthereum #CryptoInnovation