- Tether minted $1B USDT on Ethereum, boosting market liquidity after the October 11 crypto market turbulence.
- Combined with Circle, over $6B in stablecoins were issued, signaling renewed institutional demand for digital liquidity instruments.
Following the market turmoil on October 11th, the world’s largest stablecoin issuer, Tether, minted another $1 billion in USDT on the Ethereum network.
This move sparked widespread discussion among industry players, as it brought the total new stablecoin issuance to approximately $6 billion when combined with Circle, the issuer of USDC, according to Lookonchain.
Many viewed this move as a swift attempt to restore market liquidity after a period of extreme volatility. Some analysts even noted that Tether appears to be reinforcing its position as the backbone of liquidity in the crypto market.
This massive printing often signals increased demand from exchanges and traders seeking a safe haven amid fluctuating digital asset prices. However, some continue to highlight the company’s long-standing reserve transparency issues.
Tether(@Tether_to) just minted 1B $USDT again!#Tether and #Circle have minted $6B in stablecoins after the 1011 market crash.https://t.co/0zdmUUYKwJhttps://t.co/KgLuFF9ljU pic.twitter.com/8GiyTgg6E3
— Lookonchain (@lookonchain) October 19, 2025
Stablecoin Surge After the October 11th Crash
On-chain data shows that following the major crash on October 11th, the total new stablecoin issuance from Tether and Circle reached approximately $6 billion. Tether accounted for approximately two-thirds of that amount, while Circle added $2 billion in USDC.
This surge is seen as a sign that new capital is flowing back into the market, although it doesn’t necessarily indicate a rise in the price of major assets like Bitcoin or Ethereum.
Furthermore, many analysts argue that this large-scale minting of stablecoins serves as a “liquidity cushion” to maintain smooth transactions between exchanges.
Furthermore, the issuance of new USDT could also signal that institutional demand for digital assets is recovering after a sharp correction. However, some remain cautious, given that increases in stablecoin supply don’t always align with short-term price movements.
Tether Expands Beyond Stablecoins, Tackling Legal and Bitcoin Moves
Meanwhile, Tether is also completing several major agenda items beyond stablecoin issuance. CNF reported that Tether officially ended all legal disputes with Celsius after reaching a full settlement approved by the United States bankruptcy court.
This agreement resolves all pending claims and allows the company to refocus on its core operations without the looming risk of litigation.
Interestingly, Tether’s efforts to expand its influence in the crypto space don’t stop there. In early June, Tether, along with Bitfinex, transferred over 25,000 BTC to support 21 Capital, a new investment firm led by Jack Mallers.
The company aims to accumulate 42,000 BTC and even plans to list on the Nasdaq under the symbol “XXI.”
This move demonstrates how Tether not only plays a role in maintaining market stability through USDT but also helps propel the Bitcoin investment ecosystem to new heights.
