USDT Market Capitalization Reaches Record High

USDT's market capitalization has reached an impressive $120 billion, once again affirming its leading position as the largest stablecoin in the market.

Azcnews Usdt Market Capitalization Reaches Record High

Despite facing increasingly fierce competition in the stablecoin sector, USDT has continued to expand, especially on the two networks Ethereum and Tron, where there are huge transaction volumes and active users.

USDT’s market capitalization surpasses $120 billion

Usdt Market Cap
Usdt Market Cap

According to the latest analysis from Glassnode, USDT’s market capitalization has recorded strong growth in recent months. At the beginning of the year, USDT’s capitalization was around $92 billion, but up to now, this figure has surpassed $120 billion, an increase of more than $28 billion in just 9 months. This increase shows that the demand and usage of USDT are very large.

USDT Continues to Dominate the Stablecoin Market

Market Cap Share
Market Cap Share

Data from IntoTheBlock shows that USDT not only leads in market capitalization but also holds the top spot in trading volume compared to other stablecoins.

The majority of USDT transactions currently take place on the Ethereum and Tron networks, with Tron accounting for over 70% of the total trading volume.

Although Ethereum remains the popular platform for USDT transactions, high gas fees have driven many users to Tron, which offers lower transaction costs and faster processing speeds. Additionally, Layer 2 solutions such as Arbitrum and Optimism are increasingly supporting USDT transactions, expanding the coin’s presence across multiple blockchains.

USDC, USDT’s closest competitor, is falling behind in both market capitalization and trading volume, further solidifying USDT’s position.

Read more: Layer-1 Sui Integrates with Google Cloud to Combat Fraud and Support Gaming

What’s next for USDT?

As USDT crosses the $120 billion mark, it faces increasing competition from other stablecoins like USDC. However, thanks to its strong liquidity, large user base, and presence on multiple blockchain networks, USDT is well-positioned to maintain its leadership position in the space. USDT’s future depends on its ability to overcome regulatory challenges and maintain transparency in its reserve management. However, with its current strong growth, USDT continues to be a shining star in the stablecoin market and consolidates its leading position.

(1 vote)

5.0/5

(1 vote)

Latest

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Screenshot 2025 10 20 091338