Tether 'printed' today 1 billion USDT, the second this month.

Tether 'printed' today 1 billion USDT, the second this month. The first, by the way, we missed for once - it was on June 9. According to #WhaleAlert, it was traditionally 'printed' on the #Tron blockchain. However, today's was on #Ethereum, which is rare. Although it is too early to be deluded that 'liquidity has gone to Ethereum!' In November-December last year, much more USDT was minted on Ethereum, and it was indirect evidence of exchanges preparing for the alt season. But the market dump came.

'Printing' on June 9, as seen from movements in the blockchains, was again at least partially for the cryptocurrency exchange #HTX of Justin Sun. For transferring liquidity from the #Ethereum blockchain to the #Tron blockchain using the already established scheme with Aave.

This time the mint is not related to HTX. Interestingly, before the 'printing', 1 billion USDT, 152 million USDT was burned. Also on the Ethereum blockchain. #Tether very rarely burns its stablecoin, more often simply removes it from circulation, apparently.

CEO #Tether Paolo Ardoino wrote then and now that 'this is an authorized but unreleased transaction.' But as seen from the #USDT capitalization chart, they enter the market quickly. The current capitalization is already $155.58 billion, at the end of May it was $151.96 billion. A brisk pace.

Total updated dynamics:

Dynamics of 'printing' USDT for 2025 (excluding burns):

- June 2025 - currently 2 billion #USDT.

- May 2025 - 6 billion #USDT.

- April 2025 - 6 billion #USDT.

- March 2025 - 4 billion #USDT.

- February 2025 - 3 billion #USDT.

- January 2025 - 1 billion #USDT.

Total so far +22 billion #USDT for 2025.

Let's recall the full dynamics of 'printing' USDT for 2024 (excluding burns):

- December 2024 - 5 billion #USDT.

- November 2024 - 13 billion #USDT.

- October 2024 - 1 billion #USDT.

- September 2024 - 1 billion #USDT.

- August 2024 - 3 billion #USDT.

- July 2024 - 1 billion #USDT.

- June 2024 - 1 billion #USDT.

- May 2024 - 2 billion #USDT.

- April 2024 - 5 billion #USDT.

- March 2024 - 6 billion #USDT.

- February 2024 - 2 billion #USDT.

- January 2024 - 5 billion #USDT.

Total +45 billion #USDT for 2024.