Tether (USDT) Supply Surpasses $100 Billion Milestone

The market capitalization of the largest stablecoin in the crypto industry, Tether (USDT), has reached $100 billion for the first time ever, driven by surging investment demand from the market.

Azcnews Breaking (53)

In the context of Bitcoin surpassing the $68,600 mark and nearing the ATH peak at $69,000, another pillar of the cryptocurrency industry, the stablecoin Tether (USDT), has also made history by reaching a market capitalization of over $100 billion for the first time in its 10-year history.

The USDT supply in the past 7 days has increased by an additional $2 billion, officially reaching $100.2 billion this morning, with the latest issuance transactions on the TRON network.

Thus, since October 2023, when the crypto market began to recover, Tether’s market capitalization has swollen by an additional $17 billion.

According to the latest data updated on the Tether website, over half of the USDT supply is concentrated on TRON with $53 billion USDT, followed by Ethereum with $46 billion, and other blockchains with much lower quantities.


Currently, Tether commands over 69% of the stablecoin market share, far ahead of USDC (20.5%), DAI (3.4%), and FDUSD (2.2%).

In the previous market cycle, Tether’s market capitalization reached its peak at $83 billion in April 2022, just before the LUNA-UST crash occurred. By 2023, this stablecoin attracted a significant market share as its main competitors, USDC and BUSD, encountered issues with depegging and legal obstacles, respectively.

Tether also had a highly successful year in 2023 due to its strategy of investing a large amount of assets backing USDT into US Treasury bonds, yielding up to $6.2 billion. The company then used the profit to create surplus reserves for USDT, as well as investing in Bitcoin, gold, and other initiatives.

All of Tether’s US Treasury bond holdings are held at Cantor Fitzgerald, an asset management company based in New York (USA). Responding to the media in January 2024, Cantor Fitzgerald CEO Howard Lutnick stated that Tether has enough assets to guarantee the value of USDT, expressing confidence in the stablecoin company’s operating model.

Related: USDT Spearheads the Recent Resurgence in Stablecoins

Tether (USDT) Market Cap Surpasses $100B

Total Supply Tether

Source: CoinMarketCap


(2 votes)
  1. Avatar of Kelly

    Very good 👍👌

Leave a Reply

Your email address will not be published. Required fields are marked *


What Is Cosmos Atom Information About Atom Token

Altcoin | Editor Choice | News | Research

What is Cosmos ATOM? Information about ATOM Token

What is Cosmos (ATOM)? Learn about the operating mechanism and outstanding features of Cosmos along with detailed information about the tokenomics of ATOM Token!

Important Update About Dogs Airdrop On Telegram

Airdrops | Editor Choice | News

Important Update about Dogs Airdrop on Telegram

DOGS on Telegram has announced important updates about their DOGS token distribution plan and the addition of a new "check-in" feature.

Azcnews Binance Delists Multiple Trading Pairs On Platform

News | Editor Choice | Policy & Regulations

Binance Delists Multiple Trading Pairs on Platform

Binance will delist specific spot trading pairs on July 26, 2024. The AVAX/TUSD, MATIC/TUSD, and VOXEL/BTC pairs will no longer be available for trading.

Altlayer Moves Up Alt Token Unlock Schedule, Mimicking Worldcoin

News | Altcoin | Editor Choice

AltLayer Moves Up ALT Token Unlock Schedule, Mimicking Worldcoin

The AltLayer (ALT) restaking solution has announced that they will move up the token unlock schedule to the present time.

Azcnews Large Inflows Into Ether Etfs On First Day Of Trading

News | Altcoin | Editor Choice

Large Inflows into Ether ETFs on First Day of Trading

Bloomberg ETF analyst Eric Balchunas described the $625 million trading volume, excluding Grayscale's ETHE, as "healthy" and anticipated that a "significant portion" of this amount would translate into inflows.