Ethereum has reclaimed its position as the leading blockchain for Tether (USDT), surpassing Tron after a 10% surge in USDT supply on Ethereum. Currently, Ethereum hosts $60.3 billion of USDT, edging out Tron's $58.1 billion, according to DefiLlama. This shift marks the first time since August 2022 that Ethereum has overtaken Tron. The increase in USDT supply, now at an all-time high of $132.9 billion, signals potential bullish trends as stablecoins are crucial for trading liquidity. Ethereum's dominance in tokenizing real-world assets contrasts with Tron's appeal in high-inflation regions.
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