{"id":128653,"date":"2025-05-06T03:18:05","date_gmt":"2025-05-06T03:18:05","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128653"},"modified":"2025-05-06T03:18:05","modified_gmt":"2025-05-06T03:18:05","slug":"fresh-1b-in-tether-mints-on-tron-closing-gap-again-with-ethereum","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128653","title":{"rendered":"Fresh $1B in Tether mints on Tron, closing gap again with Ethereum"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Tron network has drawn closer to regaining the lead from Ethereum in Tether circulation after another big mint by the US stablecoin issuer.<br \/>\nOn May 5, Tether minted another $1 billion Tether (USDT) on the Tron network, according to Arkham Intelligence. This brings the total USDT on Tron to $71.4 billion, according to the Tether Transparency report.\u00a0<br \/>\nIn comparison, there is currently $72.8 billion USDT circulating on the Ethereum network, so just $1.4 billion more USDT on Tron will see it become the leading network for the world\u2019s largest stablecoin issuer, as it has been previously over the last two years.\u00a0<br \/>\nTron was ahead of Ethereum for USDT circulation between July 2022 and November 2024, but a large $18 billion mint on Ethereum pushed the network ahead again, according to CryptoQuant.\u00a0<br \/>\nThe third-largest network for USDT is Solana, which has $1.9 billion circulating, and there are smaller amounts on Ton, Avalanche, Aptos, Near, Celo and Cosmos.\u00a0<br \/>\nUSDT circulation on Ethereum and Tron. Source: CryptoQuantTether\u2019s total circulation is currently at a record high of $149.4 billion USDT, having increased by 8.6% since the beginning of this year. This gives the firm a commanding stablecoin market share of 61%, according to CoinGecko.\u00a0<br \/>\nRelated: Tether AI platform to support Bitcoin and USDT payments, CEO says<br \/>\nIts closest competitor, Circle, has a market share of 25% with almost $62 billion USDC (USDC) in circulation.<br \/>\nStablecoin issuance has surged over the past six months, and they currently represent 8% of the total crypto market capitalization.<br \/>\nIn a report in late April, the United States Treasury Department predicted that the stablecoin market could reach $2 trillion by 2028 if regulatory clarity is achieved.\u00a0<br \/>\nStablecoin legislation nearing next vote\u00a0<br \/>\nIt is widely believed that two key pieces of legislation need to be passed into law in the US to cement the position of stablecoins.\u00a0<br \/>\nThe Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act sets out clear definitions for \u201cpayment stablecoins\u201d and reserve rules for stablecoin issuers.<br \/>\nLawmakers in the US Senate will move forward with a vote on the GENIUS stablecoin bill before May 26, according to reports.\u00a0<br \/>\nMeanwhile, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, which governs the approval and supervision of \u201cfederally qualified nonbank payment stablecoin issuers,\u201d is also going through Congress.\u00a0<br \/>\nTether is also planning to launch a US-based stablecoin later this year, with timing dependent on the passing of legislation.\u00a0\u00a0<br \/>\nMagazine: Bitcoin to $1M \u2018by 2029,\u2019 CIA tips its hat to Bitcoin: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/fresh-1-billon-tether-mints-tron-closing-gap-with-ethereum?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Tron network has drawn closer to regaining the lead from Ethereum in Tether circulation after another big mint by the US stablecoin issuer. On May 5, Tether&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128653"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128653"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128653\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128653"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}