Tether Minted $5 Billion In USDT After The Fed’s First Rate Cut This Year
Tether has minted $5 billion in USDT throughout the previous week, underscoring renewed demand for digital property following the US Federal Reserve’s newest interest-rate minimize.
On September 19, blockchain analytics platform Onchain Lens revealed that the stablecoin issuer created one other $1 billion in tokens on Ethereum.
Tether Expands USDT Supply by $5 Billion in a Week
This added to the $4 billion minted earlier than the Federal Open Market Committee (FOMC) meeting on September 17.
At that assembly, Federal Reserve Chair Jerome Powell introduced a 0.25 percentage point reduction in the benchmark rate—the primary minimize of 2025—and advised that additional easing may observe.
The transfer, which reduces borrowing prices, is commonly interpreted as a possible catalyst for danger property, together with cryptocurrencies.
Market specialists observe that stablecoins like USDT usually profit in such environments as a result of they perform each as a gateway into crypto markets and as a liquidity refuge throughout risky durations.
As a outcome, Tether’s speedy issuance in the course of the week displays greater than a mere enlargement, because it indicators investor positioning forward of shifting macroeconomic situations.
Meanwhile, the most recent minting has altered the stability of stablecoin distribution throughout blockchains.
Data from DeFiLlama exhibits Ethereum now hosts $81 billion value of USDT, accounting for 45% of complete circulation. That edge locations it forward of Tron, which holds $78.6 billion or 43.7%.
Meanwhile, smaller allocations stay on Binance’s BNB Chain and Solana.
This distribution strengthens Tether’s dominance within the $292.6 billion stablecoin sector, the place USDT alone represents practically 59% of the market with $172 billion in provide.
Unsurprisingly, Tether CEO Paolo Ardoino touted USDT’s accelerating adoption within the house.
He revealed that previously 90 days, greater than 3.5 million new wallets started holding at the least $1 of USDT—nearly triple the mixed development of rival stablecoins.
That surge underscores the issuer’s rising dominance, reinforcing its place on the middle of crypto liquidity.
The publish Tether Minted $5 Billion In USDT After The Fed’s First Rate Cut This Year appeared first on BeInCrypto.
