Tether, the world’s largest stablecoin, has reached a major milestone with its circulating supply surpassing $150 billion for the first time, according to the company’s Transparency page. CEO Paolo Ardoino confirmed the achievement on social media platform X, attributing the growth to the stablecoin’s rising adoption and strong market demand.
This new high marks a significant moment for the crypto industry, signaling renewed investor confidence as USDT continues to dominate the stablecoin market.
Strong Profits Driven by U.S. Treasury Investments
Tether’s financial strength has been bolstered by impressive returns on its reserve assets. In the last quarter alone, the company reported over $1 billion in operating profit, thanks largely to its sizable exposure to short-term U.S. Treasury bills. Nearly $120 billion of Tether’s reserves are held in these government-backed securities, enhancing the stability and trustworthiness of USDT for users and institutions alike.
With such a strong reserve base, Tether continues to present itself as a secure and reliable crypto asset, offering peace of mind to investors navigating a still-volatile market.
USDT on Tron Surpasses Ethereum for the First Time
Another significant development is the shift in USDT’s blockchain distribution. For the first time, the supply of USDT issued on the Tron network has surpassed that on Ethereum, with over $73 billion now circulating on Tron. This marks a pivotal shift in user preference toward lower-cost, high-speed blockchain platforms.
Meanwhile, Tether’s closest competitor, Circle’s USDC, remains well behind with a total supply of around $60 billion. Other stablecoins still trail significantly, with none yet reaching the $10 billion mark.
As Tether continues to expand and outperform its rivals, its role as the backbone of crypto liquidity and trading looks more secure than ever.
