The total value of the USDT offering has surpassed $150 billion for the first time. According to Tether, stablecoins worth $73 billion were issued on the TRON network — a figure that has surpassed Ethereum for the first time.
In the first quarter of 2025, the issuer's reserves of nearly $120 billion consisted of short-term U.S. Treasury bonds. The company also reported quarterly operating profits exceeding $1 billion.
The main competitor of USDT, the USDC stablecoin from Circle, has a market capitalization of around $60 billion. Other analogs — USDS, USDe, and USD1 — have yet to surpass the $10 billion mark.
Recall that in April, Citigroup predicted the capitalization of stablecoins to grow to $3.7 trillion in five years, while Standard Chartered estimated it would reach ~$2 trillion by 2028.
At the beginning of May, the market capitalization of the USD1 stablecoin from World Liberty Financial, affiliated with Donald Trump, sharply increased — to ~$2.1 billion.#CryptoAdoption