The market capitalization of the USDT of Tether, the largest stablecoin in the world, exceeded $ 160 billion for the first time, a “breathtaking new stage”, according to the CEO of Tether, Paolo Ardoino.
In an article on Thursday on X, Ardoino described The Achievement to testify to the growing role of the USDT as a digital dollar for “billions of people living in emerging markets and developing countries”. The USDT crossed $ 150 billion in May.
Ardoino has said that the USDT (USDT) is used by more than 400 million people worldwide, developing 35 million portfolios each quarter, especially in emerging markets where it serves as a substitute in reliable dollars.
The distribution of the USDT blockchain shows that Tron hosts the highest USDT offer, now representing around $ 81 billion, compared to the $ 65 billion in Ethereum, according to Defillama data. The USDT emission on other networks is significantly lower, totaling $ 6.8 billion on the BNB channel, $ 2.3 billion on Solana and $ 1.1 billion on the polygon.
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USDT supported by treasures and Americans
According to TETHER’s certificate, equivalents in cash and in cash, mainly short -term American treasures, represent 81.5% of the USDT, Bitcoin (BTC) support reserves representing 5.1%.
Tether holds more than $ 127 billion in American Treasurys in the second quarter of 2025, ranking the 18th largest holder around the world, alongside countries like South Korea and Germany. The company posted more than a billion dollars in operating profits in the first quarter.
The Stablecoin transmitter has also systematically registered new tokens. On Wednesday, Tether struck an additional $ 1 billion, with more than $ 4 billion in last week.
Last week, Tether announced that it would stop allowing USDT’s acquisitions on five inherited blockchains, notably Omni Layer, Bitcoin Cash SLP, Kusama, EOS (now Vaulta) and Algorand, from September 1.
This decision aims to allow the company to focus on blockchains with better scalability, more activity of developers and a stronger community commitment, according to CEO Ardoino.
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The Stablescoin market extends in the midst of growing regulatory clarity
The Stablescoin market has increased rapidly, with digital assets increasingly featured such as the essential internet settlement layer. In 2024, stablecoin transaction volumes even exceeded those of combined visa and mastercard.
The growing momentum occurs while the Trump administration has prioritized the regulation of stablescoin, the engineering law leading the charge. The bill obtained bipartite support in the senatorial banking committee and adopted the Senate in June.
However, he stalled in the House of Representatives after a group of legislators blocked a key procedure vote on Tuesday. The room is expected to vote on the engineering law on Thursday as an autonomous measure.
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