Tether’s USDT Surpasses $150 Billion Market Cap, Dominating 61% of Stablecoin Market

Tether's USDt (USDT) has achieved a significant milestone by surpassing a $150 billion market capitalization for the first time on May 12, 2025. This growth reflects the increasing adoption of stablecoins in the global market. Over the past year, USDt’s circulating supply has expanded by over 36%, with a notable acceleration in growth following the election of US President Donald Trump in November.

At its current supply, Tether accounts for 61% of the global stablecoin market, according to CoinMarketCap data. It’s followed by Circle’s USDC ($USDC USDC), which accounts for nearly 25% of the stablecoin market.

This surge in USDT's market cap coincides with a broader increase in cross-border cryptocurrency transactions. A report from the Bank for International Settlements (BIS) revealed that global cross-border cryptocurrency payments totaled $600 billion in the second quarter of 2024. The report attributes the bulk of these flows to speculative investment motives but also highlights growing utility in remittances, especially in countries facing inflation or high transfer costs.

Tether's growth is not just limited to its market cap. The number of active stablecoin wallets has surged by 50% over the past year, increasing from 19.6 million to 30 million.

Looking ahead, Tether plans to launch a new U.S.-compliant stablecoin later this year, signaling its intent to expand its presence in the U.S. market.

As Tether continues to grow and adapt to the evolving regulatory landscape, its dominance in the stablecoin market underscores the increasing mainstream acceptance of stablecoins and their role in global finance.

*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*