CoinVoice has recently learned that, according to The Block, the USDT supply on the Ethereum network has reached 66.936 billion, surpassing Tron network's 61.77 billion for the first time since June 2022. Since the beginning of the year, the USDT supply on the Ethereum network has increased by nearly 62%, while Tron network's growth is 24.4%.
Analysis indicates that the surge in USDT supply on the Ethereum network is related to the improved market sentiment brought about by Bitcoin's recent breakthrough of its historical high, while the expected approval of spot Bitcoin ETFs has also driven institutional funds to enter the market. As the dominant chain in DeFi, Ethereum has an advantage in institutional adoption and stablecoin liquidity, while the Tron network remains competitive in the cross-border payment sector due to its low fees and high speed. [Original link]