Tether的旗艦Stablecoin USDT達到了一個重大的里程碑

Tether的旗艦Stablecoin USDT達到了一個重大的里程碑，超過了1500億個令牌。

Tether's flagship stablecoin, USDT, has reached a major milestone with over 150 billion tokens now in circulation, marking a new all-time high for the world's largest stablecoin.

Tether的旗艦Stablecoin USDT已達到一個主要的里程碑，現在流通於1500億個令牌，標誌著世界上最大的Stablecoin的新歷史最高點。

The announcement, first made by Tether CEO Paolo Ardoino on X and later confirmed by the company's Transparency page, highlights the explosive growth of the stablecoin market and USDT's enduring dominance.

該公告首先由繫繩首席執行官保羅·阿多諾（Paolo Ardoino）在X上發表，後來由公司的透明度頁面確認，重點介紹了Stablecoin市場的爆炸性增長和USDT持久的主導地位。

"From 0 to $150B. Born in 2014, Tether didn't just launch USD® — it launched the entire stablecoin industry," Ardoino stated in his post. "Today, USD® is trusted by 400+ million people & powers the digital economy. To every user, builder & believer: thank you."

Ardoino在他的帖子中說：“從0到$ 150B。2014年出生的Tether不僅推出了USD®，而且還推出了整個Stablecoin行業。” “如今，USD®受到400多百萬人的信任，並為數字經濟提供了能力。對於每個用戶，建築商和信徒：謝謝。”

This record-breaking figure comes amid a period of robust profitability for Tether. In Q1 2025 alone, the company reported over $1 billion in operating profit, driven largely by returns on its massive holdings of U.S. Treasuries, which now total nearly $120 billion. The bulk of USDT's backing reserves consists of short-dated government debt, a cornerstone of the company's conservative reserve management strategy.

這一創紀錄的數字是在繩索盈利能力的一段時間之內出現的。僅在2025年第1季度，該公司就報告了超過10億美元的營業利潤，這主要是由於其大量持有的美國國債的回報，現在總計近1200億美元。 USDT的大部分支持儲備包括短期政府債務，這是該公司保守的儲備管理戰略的基石。

In comparison, Circle's USDC, which is Tether's closest competitor, has a circulating supply of around $60 billion, while emerging stablecoins like Sky's USDS, Ethena's USDe, and World Liberty Financial's USD1 still remain well below the $10 billion mark.

相比之下，Tether是最接近的競爭對手Circle的USDC，供應量約為600億美元，而Sky的USDS，Ethena的USDE和World Liberty Financial的USD1等新興的Stablecoins仍然遠低於100億美元。

Despite its global footprint, Tether has long remained on the sidelines in the U.S. market, where regulatory uncertainty and legal scrutiny have posed barriers to entry. However, this appears poised to change.

儘管有全球佔地面積，但長期以來，Tether一直保持在美國市場的場景上，那裡的監管不確定性和法律審查已構成了進入的障礙。但是，這似乎有望改變。

Speaking at the Token2049 conference in Dubai, CEO Paolo Ardoino revealed Tether's plans to launch a U.S.-compliant, dollar-backed stablecoin later this year. He noted that the forthcoming product would differ in design and implementation from USDT, tailored specifically for the domestic regulatory environment.

首席執行官Paolo Ardoino在迪拜舉行的Token2049會議上發表講話，揭示了Tether計劃於今年晚些時候推出了符合美元的，以美元支持的Stablecoin發起的計劃。他指出，即將推出的產品在設計和實施方面與USDT的不同，該產品專門針對國內監管環境量身定制。

"A domestic stablecoin would be different from the international stablecoin," Ardoino said, hinting at features designed to align with U.S. legislative frameworks.

Ardoino說：“國內穩定與國際穩定者不同。”他暗示了旨在與美國立法框架保持一致的功能。

To enable this move, Tether is reportedly ramping up lobbying efforts in Washington, where momentum is building around several crypto and stablecoin-related bills, including the STABLE Act, proposed by House Financial Services Committee Chair French Hill and Digital Assets Subcommittee Chair Bryan Steil. These developments suggest that Tether sees regulatory clarity in the U.S. as both inevitable and necessary for long-term growth.

為了實現這一舉動，據報導，Tether正在加劇在華盛頓的遊說工作，那裡的勢頭正在圍繞幾個加密貨幣和與Stablecoin相關的法案建立，包括眾議院金融服務委員會主席法國山和數字資產小組委員會主席Bryan Steil提出的《穩定法案》。這些事態發展表明，繫繩認為美國的監管清晰度既是不可避免的，也不是長期增長所必需的。

Another major shift in the stablecoin ecosystem is TRON overtaking Ethereum in terms of total USDT issued. As of early May 2025, TRON-based USDT has reached $73.8 billion, narrowly surpassing Ethereum's $71.9 billion.

Stablecoin生態系統的另一個重大轉變是Tron在發行的USDT方面超過以太坊。截至2025年5月初，總部位於TRON的USDT已達到738億美元，超過以太坊的719億美元。

Since mid-2023, TRON has emerged as the blockchain of choice for large-scale USDT transfers. Thanks to lower transaction fees, TRON has become the preferred platform for exchanges and institutional players moving significant volumes. In the first half of 2025 alone, more than $14 billion in new USDT was issued on TRON.

自2023年中期以來，特隆（Tron）成為大型USDT轉移的首選區塊鏈。由於交易費用較低，Tron已成為交流和機構參與者的首選平台。僅在2025年上半年，Tron就發行了超過140億美元的新USDT。