Tether, the issuer of the USDT stablecoin, approved the creation of an additional 1 billion tokens on the Ethereum network on June 18, 2025. This is the second similar tranche this month — the previous one occurred on June 9, when the release of 1 billion USDT was also authorized.
This is reported by Finway
Authorization Details and Market Metrics
Tether’s CEO, Paolo Ardoino, stated that the specified volume of stablecoins is currently authorized but has not yet been issued. According to him, these tokens may be used for future issuance or for swaps between different blockchains.
“The volume of stablecoins on Ethereum is currently authorized but has not yet been released. According to him, these tokens may be used for future issuance or swaps between blockchains.”
As of June 2025, the total market capitalization of USDT stands at approximately $155 billion, and the coin’s market share in the stablecoin sector has reached 62.14%. This data confirms USDT’s leading position among stablecoins in terms of volume and dominance.
Weekly USDT Market Capitalization Chart. Data: TradingView.
Context and Expert Opinions
According to DeFiLlama, USDT’s dominance in the stablecoin market is 62.14%. Meanwhile, BitMEX co-founder Arthur Hayes predicts that future IPOs of stablecoin issuers may be overvalued. In his view, such companies will face challenges due to limited access to distribution channels, which could potentially lead to their downfall.