Tether Mints $1 Billion USDT on Tron as Ethereum USDC Transfers Hit $1.7 Trillion

On March 12, 2026, on-chain data reported that Tether minted an additional $1 billion USDT on Tron, lifting its circulating supply there to about $85.3 billion and pushing it past Ethereum’s USDT balance. As of March 11, Tether's total USDT float across blockchains was roughly $184.9 billion, while USDC transfer volume on Ethereum reached a record $1.7 trillion in February 2026. Tron now processes billions in daily USDT transfers, and recent U.S. stablecoin rules have influenced how issuers like Tether structure their products.