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Ethereum USDT circulation exceeds TRON for the first time since 2022
As reported by Wu, as of press time, Ethereum’s USDT circulation reached $66.936 billion, surpassing Tron’s $61.77 billion for the first time since June 2022.
Ethereum’s USDT supply has grown by nearly 62% so far this year, while Tron’s has grown by 24.4%. The flip comes after a surge in USDT minting activity last week.
The sharp increase in the supply of USDT on Ethereum may be related to the bullish market sentiment. Bitcoin's recent breakthrough to a new all-time high has rekindled the interest of retail and institutional investors.
Ethereum’s USDT supply has grown by nearly 62% so far this year, while Tron’s has grown by 24.4%. The flip comes after a surge in USDT minting activity last week.
The sharp increase in the supply of USDT on Ethereum may be related to the bullish market sentiment. Bitcoin's recent breakthrough to a new all-time high has rekindled the interest of retail and institutional investors.
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