🚨 Tether has a memorable milestone: 150 billion $USDT in circulation
📌 Tether has officially surpassed the milestone of 150 billion $USDT tokens in circulation, the highest ever. But what surprises investors is not just the scale — but the speed of consolidating its position amid a wave of competition.
📌 USDC – once a worthy competitor – is now over 90 billion dollars behind Tether. This is not due to USDC being less attractive, but because the DeFi market share and cross-border payments are increasingly leaning towards TRON + USDT - where fees are lower and speeds are faster.
📌 While new stablecoin projects like $USDe, $USDS, or $USD1 have yet to surpass a total supply of $10B, USDT has additional leverage: profits of over $1B each quarter, thanks to a collateral portfolio entirely of U.S. bonds and reverse repos.
📌 Tether's continuous minting of 59,746,413,974 recently and the soaring amount of $USDT in circulation also reflect the strong market demand for stablecoins; the preference for digital USD is being reinforced in an unstable macro environment: high interest rates, capital pulling out of emerging markets, and the need for fiat risk hedging in many countries.