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According to BlockBeats, as of June 11, the current circulation of USDT (Tether) reached 112.5 billion. A large majority of this, 97.4%, is traded on the Ethereum and Tron networks.
The TRON network has $58.6 billion USD, which represents 52.1% of total trading. Meanwhile, the Ethereum network has $50.96 billion USD, which accounts for 45.3% of the total. This data highlights the important role these two networks play in USDT trading.
It is important to note that USDT is a stablecoin, a type of cryptocurrency that attempts to peg its market value to some external reference. In the case of USDT, it is pegged to the US dollar. The high trading volume of USDT on these networks indicates its popularity and trustworthiness among cryptocurrency users.