USDT Supply and Market Cap Hit New All-Time Highs

USDT supply surpasses 191 billion tokens with $185.9 billion market cap, while Ethereum’s exchange share hits lowest point since 2015 amid staking and Layer-2 growth.

ETH
USDT

Summary

USDT has reached a record total supply of 191,099,037,578 tokens, with a market capitalization of $185.9 billion, marking all-time highs for both metrics. Concurrently, Ethereum's share on centralized exchanges has fallen to 8.7%, its lowest since 2015, driven by increased staking, Layer-2 adoption, and institutional custody trends.

Terms & Concepts
  • USDT (Tether USD): A U.S. dollar-pegged stablecoin used widely in cryptocurrency trading and payments.
  • Market Capitalization: The total value of a cryptocurrency's circulating supply, calculated by multiplying its price by the number of circulating tokens.
  • Layer-2: A secondary framework or protocol built on top of a blockchain to improve scalability and transaction speed.