The majority of Tether's USDT stablecoin was circulating on Tron and Ethereum, and its supply hit an all-time high of $156.1 billion.
The stablecoin market is still dominated by Tether, despite the recent fervor around Circle.
A record high of $156.1 billion was reached by USDT's outstanding supply on Tuesday, June 24. It's noteworthy that just two networks—Ethereum and Tron—have 90% of that supply.