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Tether (USDT) supply has reached an all-time high surpassing $150 billion according to the company’s recent update on its Transparency page. CEO Paolo Ardoino confirmed the milestone on social media platform X highlighting continued growth and widespread adoption. The increase signals rising confidence in the crypto sector as USDT maintains its leading position among stablecoins.
Profits have surged significantly for Tether boosted by substantial investments in U.S. Treasurys. The company reported over $1 billion in operating profit last quarter driven by its strategic holdings. Short-term U.S. government debt represents the majority of Tether’s reserves with nearly $120 billion in total exposure making USDT a secure and reliable crypto asset for investors.
Another notable achievement for Tether is the dominance of its stablecoin on the Tron blockchain. For the first time USDT tokens issued on Tron exceeded those on Ethereum surpassing $73 billion in circulation. Competitors remain far behind as Circle’s USDC supply stands around $60 billion and other stablecoins have not yet reached $10 billion.
