Tether, the leading issuer of stablecoins, has recently minted a substantial amount of $1 billion USDT on the Tron network. This significant operation marks the first issuance of such scale in over a month, bringing the total circulating supply to approximately $183 billion—significantly higher than its closest rival, USDC.

According to Tether’s official transparency page, out of this total supply, over $96 billion resides on Ethereum, with Tron being a strong second at $86 billion.

Tether minted another 1B $USDT on #Tron 6 hours ago. The circulating supply of $USDT on #Tron has reached 85.3B, far more than on #Ethereum. Link Image — Lookonchain (@lookonchain) March 12, 2026

While such moves typically do not create immediate volatility in the market, this might indicate Tether’s anticipation of rising demand for USDT, particularly given the current military tensions globally. The ongoing war in Iran has triggered notable fluctuations in the global economy. Recently, crude oil prices surged more than 30% in a single day, marking a high over $120 before plummeting following subsequent announcements. This unpredictability in oil affected Bitcoin’s price as well, demonstrating the extensive influence of geopolitical events on cryptocurrency markets.

As liquidity increases with such minting activities, the market could better withstand potential economic shocks, even if immediate price changes are not observed.