Tether minted $500 million worth of USDT on the Solana blockchain in under 60 minutes, bringing the total native USDT supply on the network to approximately $3.8 to $4 billion. This massive stablecoin injection signals growing demand for dollar-denominated liquidity on Solana’s high-speed network. Tron still dominates global USDT circulation, largely due to its established position in peer-to-peer transfers across Asia and emerging markets. Circle, the issuer of rival stablecoin USDC, simultaneously minted $250 million on Solana, confirming that the network is becoming a preferred venue for large-scale operations.
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