How Tether Quietly Printed $10B on TRON and Nobody Screamed (Yet!) 🤡

Ah, Tether, that tireless conjurer of digital paper wealth, has once again unleashed its magic upon the TRON network, sprinkling a miraculous $10 billion USDT into the abyss of crypto wallets since the dawn of 2025. One might suspect a sorcerer’s hand, or perhaps just a particularly stubborn printing press.

The latest feat? A staggering $1 billion USDT minted, mysteriously rising from a black hole address—a place so dark even Kafka would feel at home—before embarking on a bureaucratic odyssey through the Tether multisig minting wallet and finally resting in the hallowed halls of the Tether Treasury. This liquidity, destined not for charity but to feed the insatiable beasts of trading platforms, promises a carnival of volume and volume’s cousin, chaos.

Tether minting madness

Now, TRON isn’t just hoarding nickels in a jar. It boasts more than 69.71 billion USDT scattered among over 64 million wallets. Yet, only 9 million were active in March — which, let’s admit, is about the minimum required to keep the party lively.

While Ethereum remains the grand emperor of USDT realms, TRON has earned its reputation as the budget-friendly, gas-free favorite. Indeed, transferring stablecoins on TRON feels like hitching a ride in a taxi that refuses to ask for tips. Charming and efficient.

The freshly conjured $500 million USDT even took a quick jaunt to the HTX exchange, a loyal chum in the TRON-based stablecoin saga since 2019. Though HTX handles just a modest 1% of USDT trading, it’s like that trusty sidekick who may not be flashy but is indispensable in keeping the liquidity wheels greased.

Meanwhile, the big players like Binance lounge in the TRON VIP room, amplifying USDT’s glam on the network.

TRON, never one to play second fiddle, has pirouetted past Solana in daily fees collected—$1.2 million a day, mind you—turning the blockchain spotlight firmly in its direction.

Last week alone, TRON raked in a princely $68.66 million in fees, topping all networks, protocols, and applications like the boastful champion it is. Tether, ever the omnipresent puppeteer, pulled in $98.11 million across chains. USDT remains TRON’s beloved diva of smart contracts, confirming the network’s rule over the stablecoin ballroom.

As for TRX, TRON’s own native token, it clings steadfastly to $0.24, proudly deflationary in a world that can hardly say the word “stability.” This dual narrative of steady coin and booming activity breathes a peculiar—some might say suspicious—confidence into TRON’s corner of the cryptoverse as markets attempt their greatest comeback story since fizzled hype.

2025-04-21 21:11

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