š Market Snapshot
Market Cap: ~$155āÆbillion, maintaining ~64% of total stablecoin market share ā still the largest player
Monthly Transfer Volume: ~$1āÆtrillion ā almost unchanged from last month
Monthly Active Addresses: ~14.2 million addresses ā up 7.34%
š”ļø Reserves & Transparency
Onāchain attestations show USDT is fully backed, with over $120āÆbillion in U.S. Treasuries and cash equivalents, and about $5.6āÆbillion in excess reserves above issuance
As of June 2025, Tether issues quarterly third-party attestation reports; however, a full audit is still pending
š Strategic Dominance & Growth
Tether continues to dominate in Asia, the Middle East, and Latin America ā serving 400+ million users globally
It has integrated with new ecosystems like Kaia blockchain for access to Lineās 196 million users
Profits hit $13āÆbillion in 2024, doubling the year before, making Tether a significant player in the DeFi liquidity market
Tether is also among the top holders of U.S. Treasury bills, with 1.6% of the market ($98.5āÆbillion in Treasuries) ā enough to slightly influence short-term Treasury yields
ā ļø Regulatory & Transparency Headwinds
GENIUS Act (passed Senate 17 June 2025) could require Tether to overhaul reserve disclosures ā USDT is considered āat riskā under stricter regulations
Missing a full audit continues to be a liability, even with cursory attestations in place
BIS has warned against stablecoins lacking central bank-like transparency and settlement capabilities ā Tether frequently cited
šÆ Bottom Line
Tether (USDT) is undeniably the backbone of stablecoin utility and DeFi liquidity, enabling massive flows across global crypto ecosystems. But with rising regulatory scrutiny and audit expectations, institutional confidence may hinge on stronger transparency going forward.
#USDT #Stablecoins #RWA #defi #BinanceSquare
āļø Written by @CryptoTradeSmart
Crypto Analyst | Becoming a Pro Trader
š” Posting crypto insights and real trading perspectives.