Ethereum regains its dominance over USDT from Tron after 2 years

Ethereum has regained its dominance over USDT, surpassing Tron for the first time since August 2022. As of November 21, the supply of USDT on Ethereum reached 60.3 billion USD, while on Tron it was only 58.1 billion USD. This fluctuation occurred as the supply of USDT on Ethereum increased by 10% while Tron decreased by 1.5% in the past week.

This increase reflects the positive trend of Ethereum in becoming the primary platform for stablecoins in the cryptocurrency ecosystem. Ethereum has played a significant role in the issuance and use of stablecoins due to the trust from financial institutions, and it remains the primary choice for tokenizing real assets backed by USD.

Additionally, USDT continues to be the largest stablecoin in the world, contributing significantly to liquidity in the market. This trend indicates a shift of investors and opportunities for both Ethereum and Tron in the future.