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Tether has minted 5 billion USD in USDT after the first cutting down the whales of the Fed this year.
In the past week, Tether issued an additional 5 billion USD USDT, reflecting a strong rise in demand for digital assets after the Fed cut interest rates for the first time in 2025. According to Onchain Lens, on September 19, Tether created an additional 1 billion USD USDT on Ethereum, bringing the total issuance after the FOMC meeting to 5 billion USD.
The Fed's move to cut interest rates by 0.25 percentage points is seen as a catalyst for risk assets, where stablecoins like USDT benefit from their role as a gateway into the market and a liquidity refuge. Data from DeFiLlama shows that Ethereum currently accounts for 45% of the total USDT supply with 81 billion USD, surpassing Tron (43.7%).
USDT currently accounts for nearly 59% of the global stablecoin market, reaching 172 billion USD out of a total value of 292.6 billion USD. CEO Paolo Ardoino stated that in just the past 90 days, over 3.5 million new wallets have begun holding USDT, nearly three times the growth of competitors.