Tether's market cap exceeds $150 billion

Tether announced that the total volume of issued USDT stablecoins has surpassed the $150 billion mark for the first time. Of these, $73 billion of tokens are placed on the TRON blockchain, making this network the leader in issuance for the first time, overtaking Ethereum.

According to Tether, $120 billion of the company's reserves are secured by short-term US government bonds in Q1 2025. This has become the basis for the stability of the stablecoin. Operating profit for the period exceeded $1 billion, which confirms the financial stability of the project. Against the backdrop of USDT growth, its closest competitor, Circle's USDC stablecoin, maintains its capitalization at $60 billion.

Alternative stablecoins such as USDS, USDe, and USD1 have yet to reach $10 billion in market cap, highlighting Tether’s dominance in the market. Experts note that Tether’s success is due to its broad integration into decentralized and centralized platforms, but increasing regulatory pressure in the EU and the US may pose challenges to future growth. However, current performance shows that USDT remains a key player in the stablecoin segment.

Earlier, Tether CEO Paolo Ardoino said that the company plans to issue a new stablecoin in the US by the end of 2026. Recall that Tether is the largest issuer of the USDT token pegged to the US dollar, which occupies a leading position in the market of stable cryptocurrencies.