💥 Tether announced that the total circulating supply of USDT has exceeded the $150 billion mark, according to the latest update on the official transparency page, which was confirmed by Paolo Ardoino, the company's CEO, in a post on platform X on Monday.
📉 This achievement comes as a culmination of two years of continuous growth in the company's performance, supported by strong returns from its investments in U.S. Treasury bonds.
📉 Tether reported in its recent quarterly reports that it achieved operational profits exceeding $1 billion, within an upward trajectory that began in the second half of 2022.
🏦 The company indicated that its total exposure to U.S. Treasury bonds reached approximately $120 billion in the first quarter of 2025, including indirect investments through money market funds and reverse repurchase agreements.
🏦 Short-term bonds constitute the largest portion of the USDT support reserves, according to the company's statements.
💥 In a remarkable shift, the number of USDT issued on the Tron network has surpassed $73 billion for the first time, overtaking the Ethereum network in terms of the number of USDT traded, reflecting a shift in user preferences towards cheaper and faster networks in terms of transaction fees.
⚖️ In contrast, Circle, the issuer of USDC, remains the closest competitor with $60 billion in circulating digital currencies.
🧭 While none of the other competitors, such as Sky's USDS or Ethena's USDe or Trump's USD1, have crossed the $10 billion threshold.