Ethereum surpasses other networks as leading chain for Tether's USDT

Ethereum has reclaimed its position as the largest blockchain for USDT deployment by surpassing Tron in ￰0￱ supply on the ETH blockchain has grown by around $17 billion since May to $77 ￰1￱ shift represents a reversal from earlier in May, when Tron temporarily held the lead with 48% supply compared to Ethereum’s 42%. The two blockchain networks have remained close competitors throughout the year, with between $75 billion and $80 billion supply ￰2￱ to DeFiLlama data, Tron’s supply stands at $76.23 billion at the time of ￰3￱ adoption fuels ETH dominance as the preferred network for USDT Retail traders have largely favored Tron for its low fees against Ethereum’s institutional-grade infrastructure with higher transfer ￰4￱ that, ETH has maintained deep liquidity and an extensive DeFi ecosystem ￰5￱ notable chains include the BSC chain, which holds 7.48% of the USDT supply, and Plasma (XPL), with a supply of $4.37 ￰6￱ has remained low, capturing only $2.1 billion of the USDT supply, according to data on DeFiLlama. 📈🔝 @Tether_to 's USDT on @ethereum is back as the biggest stablecoin deployment by ￰7￱ supply of USDT on Ethereum has increased by ~$17 billion since ￰8￱ — Token Terminal @ TOKEN2049 🇸🇬 (@tokenterminal) September 26, 2025 Ethereum’s daily USDT transactions average around 400K, while overall network transactions surpassed 1.64 million ￰9￱ shows its active use in payments and settlements across the DeFi ecosystem.

Tron, however, still dominates in terms of daily ￰10￱ adoption of Ethereum has fueled the reversal, with companies like PayPal integrating PYUSD stablecoin into Ethereum, currently leading with $1.75 billion in ￰11￱ scale of USDT volumes on Ethereum influences cross-chain bridge activity, liquidity provision, and exchange integration. Ethereum’s ability to capture institutional stablecoin flows positions it as the primary settlement layer for institutional financial applications as TradFi adopts blockchain-based ￰12￱ remains the global leader in the stablecoin market with a market cap of $174 billion. Circle’s USDC follows in the second position with $74 ￰13￱ two tokens dominate the stablecoin market, although they have different ￰14￱ Act pushes broader stablecoin competition Tether first launched in 2014 as RealCoin before changing that name ￰15￱ gained market traction quickly after becoming the preferred tool for moving money between different cryptocurrencies, mainly due to its speed of settlements and lower ￰16￱ has also faced controversies, including regulatory fines and concerns over its ￰17￱ token has now grown to be offered on over 90 networks.

Circle’s USDC, launched in 2018, is focused on compliance and ￰18￱ publishes monthly attestations while maintaining a close partnership with American financial ￰19￱ went public in June, listing on the New York Stock Exchange (NYSE) and raising over $1 billion on its ￰20￱ firm has positioned itself as the regulated alternative to ￰21￱ ￰22￱ framework has boosted the growth in stablecoin ￰23￱ GENIUS Act, signed into law by President Trump in July, established a comprehensive standard for stablecoins to ￰24￱ covered the story , highlighting that the act requires stablecoin firms to disclose monthly public reserves, third-party attestations, and strict limitations on asset ￰25￱ was already largely compliant with these ￰26￱ has, however, is launching another U.

S.-compliant token, USAT, while issuing USDT for the global ￰27￱ has managed to maintain strong financial results, with billions in quarterly profits generated mainly from its holdings of ￰28￱ firm has established itself as one of the largest holders of U. S. debt, with more than $24 billion invested in short-term Treasury bills since July. Circle’s USDC, however, is lagging mainly due to its revenue-sharing model with partners, despite gaining institutional trust due to its transparency and regulatory ￰29￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites