Tron Overtakes Ethereum as Top Chain for Tether (USDT) Supply

• Tether minted 16B USDT on Tron in 2025; Tron’s USDT supply now tops Ethereum’s.
• Over half of USDT’s ~$151B market cap now resides on the Tron blockchain network.
• Tether CEO Paolo Ardoino cites inventory strategy for USDT mints; Tron activity up.

Tether has significantly ramped up its USDT minting operations on the Tron blockchain in 2025, issuing an additional 16 billion USDT and pushing the total for that network beyond $75.7 billion. Data recently published by platforms such as Lookonchain and TronScan confirms a pivotal shift: USDT circulation on Tron has now, for the first time, exceeded the amount on Ethereum.

Tether has minted 16B $USDT on #Tron in 2025.

In total, Tether has issued 75.7B $USDT on #Tron—surpassing #Ethereum.https://t.co/Hpn4LisKe2https://t.co/6pVfClZMQX pic.twitter.com/vhrgLJy7wO

— Lookonchain (@lookonchain) May 17, 2025

This change marks a shift in how stablecoin liquidity is distributed across major blockchains, with Tron now hosting over half of the total USDT supply in circulation.

Tron Becomes Leading Blockchain for USDT Stablecoin Supply

Additionally, according to data shared by analyst Maartunn on May 12, the Tron-based…

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