#TRON✅ #USDT
Tether’s USDT reached an all-time high in supply at $156.1 billion, with most of the stablecoin circulating on Tron and Ethereum.
Despite renewed hype around Circle, Tether continues to dominate the stablecoin market. On Tuesday, June 24, USDT’s outstanding supply hit an all-time high of $156.1 billion. Notably, 90% of that supply is concentrated on just two networks: Ethereum and Tron.
USDT outstanding supply
USDT outstanding supply | Source: Token terminal
Over half of USDT stablecoins, or 50.47%, are now on Tron (TRX), while almost 40% are on Ethereum (ETH). Less than 10% of USDT supply is distributed across other blockchains, including BNB Chain, Solana, Cosmos, Avalanche, and others.
Circle’s USDC has gained more traction on many of these smaller chains. For instance, Solana hosts nearly $7.5 billion worth of USDC compared to just $2.3 billion of USDT. Still, despite USDC’s growing popularity, USDT’s dominance has remained largely stable.
