Tether Market Cap Exceeds $150 Billion
Date: 2025-05-13 Author: Oliver Abernathy Categories: BUSINESS
The total market value of Tether's USDT stablecoin has exceeded the $150 billion mark for the first time. According to the latest data, over $73 billion of this amount has been issued on the TRON network, allowing it to overtake Ethereum in terms of USDT issuance for the first time.
Tether has released its Q1 2025 report, according to which about $120 billion of its reserves are placed in short-term US Treasury bonds. In addition, the company reported operating profit exceeding $1 billion for the quarter.
Amid these successes, Tether's main competitor, Circle's USDC stablecoin, has a significantly smaller market cap, at about $60 billion. Other stablecoins, such as USDS, USDe, and USD1, have not yet been able to approach this mark: their capitalization remains below $10 billion.
Meanwhile, analysts continue to make ambitious forecasts for the future of the stablecoin market. Thus, in April, Citigroup said that by 2030, the total capitalization of this segment could reach $3.7 trillion. Standard Chartered announced a more restrained, but still impressive forecast - about $2 trillion by 2028.
The behavior of lesser-known projects is also of interest. In particular, in early May, the market value of USD1 - a stablecoin associated with World Liberty Financial, a company associated with President Donald Trump - increased sharply. Now its capitalization is estimated at about $2.1 billion.
Thus, Tether strengthens its leadership in the stablecoin market, while other players are trying to reduce the gap amid rapidly growing interest in digital dollar assets.
