Tether, the issuer of the USDT stablecoin, authorized the creation of an additional 1 billion coins on the Ethereum network on June 18, 2025. The previous issuance of the same volume occurred on June 9, indicating the company’s active reserve accumulation.
This is reported by Business • Media
USDT Market Metrics
As of June 2025, the market capitalization of USDT reached approximately $155 billion, with the stablecoin’s market share standing at 62.14%. This confirms USDT’s status as one of the most influential stablecoins in the crypto industry.
Tether’s CEO Paolo Ardoino explained that these funds are currently only authorized but have not yet entered circulation. According to him, the new tokens may be used for both future issuance and swaps between blockchains.
“The volume of stablecoins on Ethereum is currently authorized but not yet issued. He stated that these tokens could be used for future issuance or swaps between blockchains.”
Opinions on the Stablecoin Market
Previously, BitMEX co-founder Arthur Hayes expressed the view that future IPOs of stablecoin issuers may be overvalued. He believes that in the long run, these companies risk facing difficulties due to limited access to distribution channels. This could impact the stability and development of the stablecoin market in the future.
- Tether has increased its reserves by 1 billion USDT on the Ethereum network.
- USDT market capitalization is $155 billion, with a market share of 62.14%.