Since the beginning of the year, Tether (USDT) has increased its supply by 34.27%, reaching 123.17 billion USD. The majority of USDT is issued on the Tron and Ethereum blockchains.

USDT also leads in daily trading volume, accounting for 81 billion USD out of a total of 104.28 billion USD in global trading. Despite competition from new stablecoins like USDS and USDE, USDT continues to maintain its dominant position.