Tether - USDT. Source: Luciano Luppa - stock.adobe.com

Key Takeaways:

Tether’s USDt surpasses $150 billion market cap, holding 61% of the global stablecoin market.
Surge in stablecoin adoption with active wallets rising over 50% in the past year.
Tether plans to launch a U.S.-focused stablecoin amid evolving U.S. regulatory landscape.

Tether’s USDt stablecoin has reached a major milestone, surpassing a $150 billion market cap for the first time.

This marks a 36% increase in supply over the past year, with momentum building especially after Donald Trump’s election in November.

From 0 to $150B.
Born in 2014, Tether didn’t just launch USD₮ — it launched the entire stablecoin industry.
Today, USD₮ is trusted by 400+ million people & powers the digital economy.
To every user, builder & believer: thank you❤️
We’re just getting started#UnstoppableTogether pic.twitter.com/PPC2PUy1Si
— Tether (@Tether_to) May 12, 2025

USDt now dominates the global stablecoin market with a 61% share, followed by Circle’s USDC at nearly 25%.

Its dominance highlights its role as a key source of liquidity and a market demand indicator in the crypto ecosystem.

The broader stablecoin market is also expanding, with active wallets jumping from 19.6 million to 30 million in the past year—a 50% surge.

Despite its global influence, Tether’s presence in the U.S. remains limited due to regulatory uncertainty.

However, with clearer legislation on the horizon, Tether plans to launch a U.S.-focused dollar-backed stablecoin later this year.

CEO Paolo Ardoino noted that this new product would be “different from the international stablecoin.”

Meanwhile, Tether is increasing its lobbying efforts in Washington, as lawmakers consider proposals like the STABLE Act, which could shape the future of stablecoin regulation in the U.S.