Ethereum Overtakes Tron as Main Network for USDT Supply

Ethereum has overtaken Tron as the leading network for USDT issuance, with Tether issuing $20 billion of USDT on the Ethereum network over the past month.

This issuance ($20 billion) represents double the active lending on protocols like Aave, cementing Ethereum’s position as the preferred network for stablecoin-related activity.

This shift reflects growing confidence in Ethereum, which analysts consider a reliable and reputable network, driving further institutional adoption.

The supply of USDT on Ethereum is expected to reach $1 trillion by 2025, which could have a significant impact on the network’s economy and its role in decentralized finance (DeFi).

USDT Market Dominance:

Data shows that Tether controls 69% of the $201 billion stablecoin market, with a market cap of $140 billion.

Despite competition, including USDC’s partnership with Binance, USDT still maintains dominance, backed by its vast network and global reach.

Posted using Tribaldex Blog