According to the latest transparency report, Tether's USDT stablecoin has achieved significant growth across multiple blockchain networks, with a total issuance of $149.73 billion.

Two major blockchain platforms dominate USDT custody, becoming a notable feature: Tron and Ethereum together manage nearly 97% of circulating Tether tokens. Tron has become the preferred network, managing USDT worth $73.06 billion, while Ethereum follows closely, managing USDT worth $71.56 billion.

Emerging blockchain networks also have a place in the USDT ecosystem, although on a smaller scale. Solana's circulation has reached $1.92 billion, while TON and Avalanche have circulation of $899 million and $833 million, respectively, securing a position in the stablecoin market.