USDT Dominates Stablecoin Market as Tether Surpasses $150B Milestone

Tether’s USDT has achieved a monumental milestone by surpassing $150 billion in market capitalization, now commanding 62% of the stablecoin market. This growth is fueled by significant issuance on the TRON network and sector-wide expansion, including notable contributions from BlackRock’s BUIDL and MakerDAO’s DAI.

Tether’s USDT Surpasses $150B as Stablecoin Market Poised for Explosive Growth

Tether’s USDT stablecoin has breached the $150 billion market capitalization threshold, cementing its dominance with 62% of the total stablecoin market. The milestone comes alongside a sector-wide expansion, with BlackRock’s BUIDL and MakerDAO’s DAI posting double-digit growth.

The tron network accounts for the majority of recent USDT issuance, processing $12.2 billion in new mints this year alone. This growth trajectory aligns with industry projections forecasting 600% stablecoin adoption growth by 2030.

Market dynamics show clear stratification: USDT’s 3.79% monthly growth outpaces USDC’s 1.23% increase, while innovative instruments like tokenized Treasuries demonstrate institutional adoption pathways. The sector’s expansion reflects deepening integration between traditional finance and blockchain infrastructure.

BIS Report Highlights Speculative Nature of Crypto Payments

The Bank for International Settlements (BIS) has cast a critical eye on the cryptocurrency market, revealing that 90% of cross-border crypto flows are driven by speculation. Despite reaching $600 billion in volume during Q2 2024, the data suggests limited practical adoption beyond financial gambling.

Bitcoin and stablecoins like USDT and USDC dominate these speculative flows, though they occasionally serve as cost-effective remittance solutions in emerging markets. The findings underscore the persistent tension between crypto’s disruptive potential and its current role as a vehicle for high-risk trading.

TRON’s TRX Outperforms Ethereum in USDT Circulation Amid Mixed Crypto Market Signals

TRON’s native token TRX surged 4.8% within 24 hours, climbing from $0.264 to $0.276 before a minor pullback. The rally coincides with TRON surpassing ethereum as the leading blockchain for USDT circulation, now hosting $73.8 billion versus Ethereum’s $71.9 billion.

Geopolitical developments continue creating volatility across digital assets. The WHITE House’s announcement of improved U.S.-China trade relations has bolstered market sentiment, while Coinbase’s S&P 500 inclusion underscores accelerating institutional adoption.