Tether的旗舰Stablecoin USDT达到了一个重大的里程碑

Tether的旗舰Stablecoin USDT达到了一个重大的里程碑，超过了1500亿个令牌。

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的旗舰Stablecoin USDT已达到一个主要的里程碑，现在流通于1500亿个令牌，标志着世界上最大的Stablecoin的新历史最高点。

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.

该公告首先由系绳首席执行官保罗·阿多诺（Paolo Ardoino）在X上发表，后来由公司的透明度页面确认，重点介绍了Stablecoin市场的爆炸性增长和USDT持久的主导地位。

"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在他的帖子中说：“从0到$ 150B。2014年出生的Tether不仅推出了USD®，而且还推出了整个Stablecoin行业。” “如今，USD®受到400多百万人的信任，并为数字经济提供了能力。对于每个用户，建筑商和信徒：谢谢。”

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.

这一创纪录的数字是在绳索盈利能力的一段时间之内出现的。仅在2025年第1季度，该公司就报告了超过10亿美元的营业利润，这主要是由于其大量持有的美国国债的回报，现在总计近1200亿美元。 USDT的大部分支持储备包括短期政府债务，这是该公司保守的储备管理战略的基石。

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是最接近的竞争对手Circle的USDC，供应量约为600亿美元，而Sky的USDS，Ethena的USDE和World Liberty Financial的USD1等新兴的Stablecoins仍然远低于100亿美元。

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.

尽管有全球占地面积，但长期以来，Tether一直保持在美国市场的场景上，那里的监管不确定性和法律审查已构成了进入的障碍。但是，这似乎有望改变。

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.

首席执行官Paolo Ardoino在迪拜举行的Token2049会议上发表讲话，揭示了Tether计划于今年晚些时候推出了符合美元的，以美元支持的Stablecoin发起的计划。他指出，即将推出的产品在设计和实施方面与USDT的不同，该产品专门针对国内监管环境量身定制。

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

Ardoino说：“国内稳定与国际稳定者不同。”他暗示了旨在与美国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.

为了实现这一举动，据报道，Tether正在加剧在华盛顿的游说工作，那里的势头正在围绕几个加密货币和与Stablecoin相关的法案建立，包括众议院金融服务委员会主席法国山和数字资产小组委员会主席Bryan Steil提出的《稳定法案》。这些事态发展表明，系绳认为美国的监管清晰度既是不可避免的，也不是长期增长所必需的。

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生态系统的另一个重大转变是Tron在发行的USDT方面超过以太坊。截至2025年5月初，总部位于TRON的USDT已达到738亿美元，超过以太坊的719亿美元。

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年中期以来，特隆（Tron）成为大型USDT转移的首选区块链。由于交易费用较低，Tron已成为交流和机构参与者的首选平台。仅在2025年上半年，Tron就发行了超过140亿美元的新USDT。