The supply of the USDT stablecoin from Tether has reached a significant milestone of $160 billion. This event highlights the growing importance of the token in financial markets and its influence on blockchain technology development.
Record USDT Circulation
According to Tether's data, the USDT supply has reached $160 billion. Key blockchains contributing to this growth include Tron, Ethereum, and Solana, with respective circulations of $81 billion, $74 billion, and $18 billion. Tether CEO Paolo Ardoino noted that USDT's success is attributed to its practicality for digital transactions.
Tether's Strategy Amid Market Growth
Tether continues its strategy aimed at supporting high-activity blockchains, allowing for resource optimization for these networks. As part of this strategy, a phased withdrawal of support for less active chains is planned, highlighting the goal of maximizing blockchain utility and liquidity.
Future Plans and Market Impact
According to CoinMarketCap, USDT maintains a stable price at $1. The 24-hour trading volume reached $135.61 billion, indicating its significance for digital finance. Tether accounts for 65% of the stablecoin market, consistently demonstrating its role in both centralized and decentralized finance.
The growth of USDT circulation and Tether's active strategy to support popular blockchains reflect a high level of investor confidence and the token's significance for the future of digital finance. These facts suggest a likely continued strengthening of Tether's market position.
