Key Takeaways:
- Tron now hosts $71.4B in USDT after a new $1B mint, closing in on Ethereum’s $72.8B supply.
- Total USDT supply has reached a record $149.4B, giving Tether a 61% stablecoin market share.
- U.S. stablecoin regulation advances with GENIUS and STABLE Acts; Senate vote expected by May 26.
Tether has minted an additional $1 billion in USDT on the Tron blockchain, pushing its total USDT supply on Tron to $71.4 billion—just $1.4 billion behind Ethereum’s $72.8 billion.
Tron previously led in USDT circulation from mid-2022 to late 2024 before Ethereum surged ahead with an $18 billion issuance.
ARKHAM ALERT: $1,000,000,000 USDT MINTED JUST NOW pic.twitter.com/h2JTETn8QM
— Arkham (@arkham) May 5, 2025
Now, Tron is close to reclaiming the top spot.
Solana ranks third with $1.9 billion in USDT. Smaller USDT amounts exist on other blockchains like Ton, Avalanche, Aptos, Near, Celo, and Cosmos.
Total USDT supply has hit a record $149.4 billion, growing 8.6% year-to-date, giving Tether a dominant 61% share of the stablecoin market.
Circle’s USDC follows with a 25% share at $62 billion. Stablecoins now make up around 8% of the entire crypto market cap.
The U.S. Treasury predicts the stablecoin market could hit $2 trillion by 2028 if regulations pass.
Two key bills — the GENIUS Act and STABLE Act — are pending, with a Senate vote on the GENIUS Act expected by May 26.
Tether also plans to launch a new U.S.-based stablecoin later this year.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
