In a significant milestone for the stablecoin sector, the total supply of Tether (USDT) has crossed the $150 billion mark, according to data from DeFiLlama.
The total supply of Tether (USDT) has crossed the $150 billion mark for the first time ever, according to data from DeFiLlama.
This milestone highlights the surging demand for stable digital assets as crypto adoption and market activity reach new highs.
As of 07:38 (GMT+2), the circulating supply of USDT stands at $150.39 billion, with the token maintaining its 1:1 peg to the U.S. dollar.
A significant portion, 48.57%, or $73.05 billion of the stablecoin’s supply, is hosted on Tron, making it the dominant network. This compares to Ethereum (ETH), which used to be the primary chain for USDT but now hosts 42.3% of the stablecoin’s supply, equating to $63.7 billion.
The shift in network dominance can be attributed to Tron’s cost-efficient and high-speed transactions, particularly popular in emerging markets and for peer-to-peer transfers. In contrast, Ethereum, despite being the foundation for much of the early stablecoin infrastructure, sees migration due to its higher gas fees and scalability concerns.
The remaining USDT supply is distributed across a number of other blockchains including Binance Smart Chain (BSC), Solana (SOL), Avalanche (AVAX), and Polygon (MATIC), each holding less than 4% share.
This latest development in the maturing stablecoin market underscores the importance of network efficiency and transaction cost in determining the future of global stablecoin adoption.
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