Tether’s market capitalization exceeded $150 billion

The total supply of USDT has exceeded $150 billion. According to Tether, stablecoins worth $73 billion have been issued on the TRON network — a figure that has surpassed Ethereum for the first time.

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

In the first quarter of 2025, the issuer’s reserves of nearly $120 billion consisted of short-term U.S. Treasury bonds. The company also reported quarterly operating profit exceeding $1 billion.

The main competitor to USDT, the USDC stablecoin from Circle, has a market capitalization of about $60 billion. Other analogs — USDS, USDe, and USD1 — have not yet managed to surpass the mark of $10 billion.

Data: CoinGecko. Recall that in April, Citigroup predicted the growth of stablecoin capitalization to $3.7 trillion in five years, while Standard Chartered projected it to be around $2 trillion by 2028.

In early May, the market capitalization of the USD1 stablecoin from the company World Liberty Financial, affiliated with Donald Trump, sharply increased to ~$2.1 billion.