Crypto Market Soars 15% as Tether Mints $1.5B on Tron Amid Global Trade Tensions

TRX Rallies 10% as Tether Mints $1B on Tron Amid Global Trade Tensions

April 10, 2025 - The Tron-based stablecoin USDT has seen a surge in minting, with over $1 billion in new supply created in the past 24 hours. This sudden influx of liquidity has had a ripple effect across the cryptocurrency market, with Tron's native token TRX rallying 10% in the same period.

The sudden surge in USDT minting has been attributed to increased demand from traders and investors seeking to hedge against global trade tensions. As international trade relationships continue to deteriorate, market participants are turning to digital assets as a way to diversify their portfolios and mitigate potential losses.

TRX, which is the native token of the Tron network, has long been seen as a key player in the stablecoin ecosystem. The token's rally is seen as a vote of confidence in the network's ability to support the growing demand for USDT.

"This is a major milestone for Tron and a testament to the network's ability to support the growing demand for stablecoins," said a spokesperson for Tron. "We are committed to providing the infrastructure and tools needed to support the growth of the Tron ecosystem and the adoption of USDT as a global reserve currency."

The surge in USDT minting has also had a knock-on effect on other cryptocurrencies, with many tokens experiencing significant price increases. The rally is seen as a sign of growing confidence in the cryptocurrency market, which has been plagued by volatility and uncertainty in recent months.

As the global economy continues to face uncertainty, the demand for stablecoins is likely to continue to grow. Tron's ability to support this demand and provide a platform for the creation and trading of USDT is likely to be a key factor in the network's continued growth and success.