TRON（TRX）網絡超過繫繩中的以太坊（USDT）供應

Stablecoin發行人Tether在TRON上造成了另外10億美元的USDT令牌，從而推動了該網絡的授權USDT供應以超過以太坊的供應。

Stablecoin issuer Tether has minted another 1 billion USDt tokens on Tron, pushing the network's authorized USDT supply to surpass Ethereum's.

Stablecoin發行人Tether在Tron上鑄造了另外10億美元的USDT令牌，推動該網絡的授權USDT供應超過以太坊的供應。

On May 15, blockchain data showed that Tether's treasury minted $1 billion of its dollar-pegged stablecoin, USDt (USDT), into the Tron network.

5月15日，區塊鏈的數據顯示，Tether的財政部將其10億美元的美元固定型Sta​​blecoin，USDT（USDT）鑄成Tron Network。

As of May 14, Tether's stablecoin transparency page shows that Tron has a total of $73.7 billion in authorized USDT assets, while Ethereum has $74.5 billion in authorized USDT tokens. If the newly minted tokens are added to the number of authorized USDT assets, Tron's supply would surpass Ethereum's USDT supply.

截至5月14日，Tether的Stablecoin透明度頁面顯示，Tron的授權USDT資產總計737億美元，而以太坊擁有745億美元的授權USDT代幣。如果將新近鑄造的代幣添加到授權的USDT資產數量中，Tron的供應將超過以太坊的USDT供應。

In terms of circulating supply, Tron also has the lead with $73.6 billion USDT on the network, while Ethereum only has $71.8 billion.

在循環供應方面，Tron在網絡上還擁有736億美元的領先優勢，而以太坊只有718億美元。

However, if the new mint is added to the total circulating supply, then Ethereum still has the lead with $72.5 billion in circulating USDT, while Tron has $71.7 billion.

但是，如果將新的薄荷添加到總循環供應中，那麼以太坊仍然擁有725億美元的循環USDT領先，而Tron擁有717億美元。

Tether's USDT mints replenish the company's token inventory

Tether的USDT Mints補充了公司的令牌庫存

Some of the company's blockchain-based USDT mints are used to replenish their USDT inventory on blockchain networks, said Tether CEO Paolo Ardoino previously on X. This means the tokens will be used for the next batch of issuance requests and chain swaps.

Tether首席執行官Paolo Ardoino先前在X上說，該公司的一些基於區塊鏈的USDT MINT用於補充區塊鍊網絡上的USDT庫存。這意味著該令牌將用於下一批發行請求和鏈條交換。

In traditional business settings, inventory replenishment requires stock orders to meet demands. Similarly, Tether may mint USDT to maintain a sufficient supply and hold on to the assets until they are issued officially. This ensures that the firm's liquidity management is smooth.

在傳統的業務環境中，庫存補充需要股票訂單以滿足需求。同樣，繫繩可能會造成USDT，以維持足夠的供應並保留資產，直到正式發行。這樣可以確保公司的流動性管理順利。

This means that authorized USDT supply on a network means that the stablecoin issuer anticipates future issuance demand of the stablecoin on a blockchain.

這意味著在網絡上授權的USDT供應意味著Stablecoin發行人可以預期在區塊鏈上對Stablecoin的未來發行需求。

Ethereum and Tron battle for USDT supply dominance

以太坊和Tron爭奪USDT供應優勢

Tron led USDT circulation between July 2022 and November 2024. However, CryptoQuant data showed that an $18 billion USDT mint on Ethereum pushed the network ahead in 2025.

Tron在2022年7月至2024年11月之間領導了USDT發行量。但是，加密數據顯示，以太坊上的180億美元造幣廠在2025年推動了該網絡。

However, Tron's USDT supply quickly caught up, with the latest mint putting it on top of Ethereum again.

但是，Tron的USDT供應很快就趕上了，最新的薄荷再次將其置於以太坊之上。

According to Tether's transparency page, Solana has the third-most supply of USDT in the market, with $2.3 billion authorized on the network. Avalanche has $1.8 billion in authorized USDT, making it the fourth-largest network in authorized USDT supply. While Avalanche has over $1 billion in authorized USDT, the network only has a net circulation of $752 million in tokens.

根據Tether的透明度頁面，Solana在市場上擁有第三大的USDT供應，該網絡授權了23億美元。雪崩擁有18億美元的授權USDT，使其成為授權USDT供應中第四大網絡。儘管Avalanche擁有超過10億美元的授權USDT，但該網絡的淨流通量為7.52億美元。

Meanwhile, The Open Network, Aptos, Near, Celo and Cosmos have smaller authorized and circulating USDT supplies.

同時，開放網絡，Aptos，附近，Celo和Cosmos具有較小的授權和流通的USDT用品。

CoinGecko data shows that Tether's total circulation is at a record high of $150 million, a 9.4% increase compared to its supply at the start of 2025. This gives the stablecoin issuer 61% of all the USD stablecoins in the market.

Coingecko數據顯示，與2025年初的供應相比，Tether的總發行量達到了1.5億美元的創紀錄高度，增長了9.4％。這使Stablecoin發行人在市場上所有美元的Stablecoins中的61％。

Circle, its closest competitor, has $60.4 billion in stablecoins, giving it a market share of 24.6%, according to CoinGecko.

根據Coingecko的數據，最接近的競爭對手Circle擁有604億美元的Stablecoins，其市場份額為24.6％。