Tether USDt Hits $160B as Tron Leads Stablecoin Supply

* Tether's USDt market cap reaches a record $160 billion. * Tron dominates USDt supply while Tether moves away from legacy blockchains. On July 17, 2025, Cointelegraph reported that Tether’s USDt stablecoin reached a significant milestone, surpassing a $160 billion market capitalization. This development solidifies USDt’s role as a “digital dollar” and shows its widespread adoption in emerging markets. The achievement highlights how stablecoins are reshaping global financial systems. The Tron blockchain is the leading network for USDt supply, hosting approximately $81 billion, while in comparison, Ethereum holds about $65 billion of the USDt supply. Tron's high concentration of USDt demonstrates its efficiency and popularity for stablecoin transactions, particularly in regions where traditional financial infrastructure is limited or inaccessible. Tether backs USDt with reserves that consist primarily of cash, cash equivalents, and U.S. Treasurys. As of the second quarter of 2025, the company held over $127 billion in U.S. Treasurys, making it the 18th largest holder of these government securities worldwide. This reserve composition reinforces the stability and trustworthiness of its USDt stablecoin. In a strategic move, Tether announced it will end USDt redemptions on 5 legacy blockchains starting September 1, 2025. These blockchains are Omni Layer, Bitcoin Cash SLP, Kusama, EOS (now Vaulta), and Algorand. Tether stated this decision allows the company to focus on more scalable and widely used blockchains, such as Tron and Ethereum, a shift that aims to enhance efficiency and adoption in an evolving market. On the regulatory front, governments and financial institutions have increased their attention on stablecoins. The GENIUS Act, a proposed U.S. bill, aims to establish clear regulatory guidelines for the sector. Although the Senate passed the bill with bipartisan support in June 2025, it has faced delays in the House of Representatives, reflecting ongoing debates about how to integrate stablecoins into traditional financial and legal systems. The stablecoin market has shown remarkable growth, as its transaction volumes in 2024 surpassed those of major payment networks like Visa and Mastercard combined. In addition, traditional financial institutions, including JPMorgan and Citigroup, are also exploring opportunities in the stablecoin industry, signaling the sector’s growing influence in global finance. Market data from July 17, 2025, at 15:08 UTC, reveals ongoing ecosystem activity. Tether USDt (USDT) is trading at $1, showing a 0.003% change in its 24-hour trading volume, while Tron (TRX), a leading network for USDt distribution, is trading at $0.316, a 4.69% change in the past 24 hours. Meanwhile, Solana (SOL) is trading at $174.456, with a 3.969% change during the same period. These metrics illustrate the activity and growth within the blockchain ecosystems that support Tether's expanding operations.