On the 17th (local time) Tether CEO Ardoino said through X, "USDT is now the digital dollar used by billions of people every day."
"This breakthrough in market capitalization is symbolic evidence of that," he said. Tether broke the record again just two months after surpassing $150 billion in May.
Ardoino described this as an "incredible new milestone," saying that "USDT will become the de facto digital dollar in emerging and developing countries around the world."
"More than 400 million people around the world use USDT, and about 35 million new wallets are added each quarter, especially in emerging countries.
"USDT is a practical alternative in countries where access is difficult," he said. The stablecoin USDT is issued on various blockchains, including the Tron network.
According to DefiLlama, Tron-based USDT is currently worth about $81 billion, while Ethereum-based is worth $65 billion.
($6.8 billion), Solana ($2.3 billion), and Polygon ($1.1 billion) also have USDT in circulation. According to Tether's publicly released audit report, 81.5% of its USDT reserves are in cash.
The reserves are comprised of short-term U.S. Treasury bills and cash assets, the majority of which are short-term U.S. Treasury bills. Approximately 5.1% of the reserves are in Bitcoin.
As of the second quarter of this year, Tether held approximately $127 billion in U.S. government bonds, which account for 18% of the total assets held by cryptocurrencies around the world.
The SEC said it was considering a deal to block Tether from holding any government bonds, but said it was considering a deal to block Tether from holding any government bonds.
Tether has been actively issuing USDT recently, issuing over $4 billion in additional USDT this week alone, and on the 16th issued $1 billion worth of UTC.
A new SDT has been issued.
2025/07/18 13:45 KST
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