Tether（USDT）達到了新歷史上的市值

Tether（USDT）在2025年5月的市值達到了新的市值，超過1510億美元。根據CoinMarketCap

Teather (USDT) reached a new all-time high in market capitalization, exceeding $151 billion in May 2025, according to CoinMarketCap.

根據CoinMarketCap的數據，Teather（USDT）的市值達到了新歷史高昂的市值，超過了1510億美元。

The company issued $2.5 billion worth of USDT in May. On May 15 alone, Tether added $1 billion to the USDT supply. Since January, the market cap has grown by $13 billion, a nearly 10% increase.

該公司在5月發行了價值25億美元的USDT。僅在5月15日，Tether為USDT供應量增加了10億美元。自1月以來，市值增長了130億美元，增長了近10％。

As analyst Axel Adler Jr pointed out, “Over the past 20 days, $6 billion in cash has been injected into the market through newly issued USDT.”

正如分析師Axel Adler JR指出的那樣：“在過去的20天中，通過新發行的USDT向市場注入了60億美元的現金。”

This growing USDT supply adds significant liquidity to the crypto market.

不斷增長的USDT供應為加密市場增加了大量的流動性。

Tether now controls 62.4% of the entire stablecoin market. Over $73 billion of the USDT supply exists on the TRON blockchain, which surpasses Ethereum in distribution volume. TRON now leads as the top platform for USDT issuance.

繫繩現在控制著整個Stablecoin市場的62.4％。 TRON區塊鏈上存在超過730億美元的USDT供應，該區塊鏈的分配量超過以太坊。 Tron現在是USDT發行的頂級平台。

USDT Dominance Drops From 6% To 4.6% In One Month

USDT優勢在一個月內從6％下降到4.6％

While the USDT supply continues to rise, the USDT dominance (USDT.D) is dropping. As per TradingView, the USDT.D index fell from 6% in April to 4.6% in May. The metric shows USDT’s share of the total crypto market cap.

儘管USDT供應繼續上升，但USDT優勢（USDT.D）正在下降。根據TradingView，USDT.D指數從4月的6％下降到5月的4.6％。該度量標準顯示了USDT在加密市值總數中的份額。

This decline in USDT dominance suggests that more USDT is being used to purchase other crypto assets. This includes Bitcoin, Ethereum, and various altcoins. Investors appear to be moving capital into risk assets rather than holding it in stablecoins.

USDT優勢下降表明，更多的USDT被用於購買其他加密資產。這包括比特幣，以太坊和各種山寨幣。投資者似乎正在將資本轉移到風險資產中，而不是將其持有穩定的資產。

Axel Adler Jr observed that a fall in Bitcoin’s dominance alongside a rise in Ethereum’s market share often reflects this type of liquidity flow. Part of the USDT supply is now rotating into altcoins.

Axel Adler JR觀察到，與以太坊市場份額的增長相同，比特幣的統治地位通常反映了這種流動性流量。 USDT供應的一部分現在正在旋轉到Altcoins。

TRON Hosts $73 Billion Of USDT Supply, Beating Ethereum

Tron擁有730億美元的USDT供應，擊敗以太坊

TRON has emerged as the leading blockchain for USDT distribution. More than $73 billion worth of Tether circulates on TRON. This exceeds the USDT issued on Ethereum.

Tron已成為USDT分銷的領先區塊鏈。價值超過730億美元的繫繩在Tron上流通。這超過了以太坊發布的USDT。

TRON’s transaction costs remain lower than Ethereum’s, which could explain the shift in preference. Most centralized exchanges also support TRON-based USDT, making it a practical choice for traders and institutions.

Tron的交易成本仍然低於以太坊的交易，這可以解釋偏好的轉變。大多數集中式交易所也支持基於TRON的USDT，使其成為貿易商和機構的實用選擇。

Tether remains the largest stablecoin in the market. Despite regulatory questions in past years, its growing USDT supply continues to support daily crypto trading volumes.

繫繩仍然是市場上最大的穩定菌。儘管過去幾年的監管問題，但其USDT供應量的增長仍在支持日常加密交易量。

Combined USDT And USDC Dominance Declines

聯合國USDT和USDC優勢下降

Another analyst, Cryptosahintas, studied both USDT dominance and USDC dominance (USDC.D). He compared these ratios to Bitcoin price charts. He stated, “The dominance of Tether is gradually decreasing. I expect Bitcoin to continue its upward trajectory. Liquidity is slowly shifting toward riskier assets.”

另一位分析師Cryptosahintas研究了USDT優勢和USDC優勢（USDC.D）。他將這些比率與比特幣價格表進行了比較。他說：“繫繩的主導地位正在逐漸下降。我希望比特幣繼續向上軌跡。流動性正在緩慢地轉移到風險更高的資產上。”

This comment links the falling stablecoin market dominance with possible shifts in asset allocation. TradingView data confirms that both USDT.D and USDC.D have declined. These figures point to traders converting stablecoins into cryptocurrencies.

該評論將下降的穩定市場占主導地位與資產分配的可能變化聯繫起來。 TradingView數據證實USDT.D和USDC.D都在下降。這些數字指出，交易者將穩定幣轉換為加密貨幣。

This decline in stablecoin market share shows that a larger portion of circulating capital may now be active in altcoins and Ethereum.

Stablecoin市場份額的下降表明，現在較大的循環資本可能活躍於Altcoins和Ethereum中。

Tether Growth Didn’t Prevent Bitcoin Price Drop In Q1

繫繩增長並不能阻止第1季度的比特幣價格下跌

It’s worth noting that Tether's rising supply doesn't always lead to immediate market reactions. Between January and April 2025, the USDT supply rose from $137 billion to $144 billion. However, Bitcoin's price fell from $110,000 to below $75,000 during that same time.

值得注意的是，系特特（Tether）的供應不斷上升並不總是會導致市場反應。在2025年1月至2025年4月之間，USDT供應量從1370億美元增至1440億美元。但是，比特幣的價格從同一時間從110,000美元下降到低於75,000美元的$ 75,000。

This highlights that while USDT supply may add liquidity to the system, other factors can affect crypto prices. These include market sentiment, macroeconomic data, and large holder activity.

這強調了，儘管USDT供應可能會增加系統的流動性，但其他因素可能會影響加密價格。這些包括市場情緒，宏觀經濟數據和大型持有人活動。

The USDT supply remains a key indicator of potential market liquidity. The USDT dominance rate, meanwhile, shows how much capital is being held versus deployed into active trades or investments.

USDT供應仍然是潛在市場流動性的關鍵指標。同時，USDT的優勢率顯示了要持有多少資本與部署到積極的行業或投資中。