According to BlockBeats, as of June 11, the current circulation of USDT (Tether) has reached 112.5 billion. A significant majority of this, 97.4%, is circulating on the Ethereum and Tron Networks.
The Tron Network holds 58.6 billion USDT, accounting for 52.1% of the total circulation. Meanwhile, the Ethereum network holds 50.96 billion USDT, making up 45.3% of the total. This data highlights the significant role these two networks play in the circulation of USDT.
It's 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's pegged to the US dollar. The high circulation of USDT on these networks indicates their popularity and trustworthiness among cryptocurrency users.