The total supply of Tether (USDT) has exceeded $132 billion, solidifying its position as the largest stablecoin in the global cryptocurrency market. According to recent data, Ethereum has reclaimed its dominance over Tron in terms of USDT supply.
Breakdown of USDT Supply by Blockchain
Ethereum: $60.3 billion
Tron: $58.1 billion
BNB Chain: $4.58 billion
Arbitrum: $3.09 billion
Avalanche: $1.31 billion
Market Capitalization
Tether (USDT) maintains a market capitalization of $132.3 billion, while Circle's USD Coin (USDC) follows with a market capitalization of $39 billion. Ethereum dominates USDC circulation, holding $26.3 billion or 67.5% of its supply.
Key Takeaways
1. Ethereum has reclaimed its position as the leading blockchain for USDT, surpassing Tron.
2. Tether (USDT) remains the largest stablecoin, with a market capitalization of $132.3 billion.
3. Ethereum dominates USDC circulation, holding $26.3 billion or 67.5% of its supply.
The stablecoin market continues to evolve, with Tether (USDT) and USD Coin (USDC) leading the way. As the cryptocurrency market fluctuates, stablecoins like USDT and USDC provide a safe haven for investors.
