Tether Treasury just minted an additional 2B USDT on Tron:

• transaction 1: eb62b362475a6ecbc1a19807fe551dd3573df48be8a75d9109490c76bbbbd7be
• transaction 2: dc5f50aceeaa87a9b2473c1b3df28c51b934d2788db56a9477e610e0a09308b6
• address: TKHuVq1oKVruCGLvqVexFs6dawKv6fQgFs

Overall, in 2025, Tether has minted a net total of 15.7B USDT (including burns) on Tron and Ethereum, with 4B USDT minted in the past 6 days. Note that previous aggressive minting of USDT by Tether has often preceded increases in the BTC price.

Fig 1. Tether Treasury's USDT minting history on Tron in 2025.