{"id":18909,"date":"2024-11-26T12:33:00","date_gmt":"2024-11-26T10:33:00","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-surpasses-tron-in-tether-supply\/"},"modified":"2024-11-26T12:33:00","modified_gmt":"2024-11-26T10:33:00","slug":"ethereum-surpasses-tron-in-tether-supply","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-surpasses-tron-in-tether-supply\/","title":{"rendered":"Ethereum Surpasses TRON in Tether Supply"},"content":{"rendered":"<p>Ethereum has regained its dominance in the supply of <a href=\"https:\/\/forklog.com\/en\/news\/tethers-net-profit-reaches-5-2-billion-in-first-half-of-2024\">USDT stablecoins<\/a> after TRON took the lead in August 2022, according to <a href=\"https:\/\/defillama.com\/stablecoin\/tether\">DeFi Llama<\/a>.<\/p>\n<p>The blockchain of the second-largest cryptocurrency by market capitalization has issued tokens worth $60.3 billion, while its competitor&#8217;s network holds nearly $58 billion.<\/p>\n<p>Over the past month, the former figure increased by 28.3%, whereas the latter decreased by 2.7%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1323.webp\" alt=\"1-1323\" class=\"wp-image-246073\"\/><figcaption class=\"wp-element-caption\">Data: DeFi Llama.<\/figcaption><\/figure>\n<p>For comparison, USDT issuance in BNB Chain, Arbitrum, and Avalanche stands at ~$4.9 billion, $3.1 billion, and $1.3 billion respectively.<\/p>\n<p>Ethereum accounts for 45.3% of Tether&#8217;s supply, while TRON holds 43.6%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-954.webp\" alt=\"2-954\" class=\"wp-image-246074\"\/><figcaption class=\"wp-element-caption\">Data: DeFi Llama.<\/figcaption><\/figure>\n<p>USDT is the world&#8217;s largest stablecoin with a market capitalization of $132.7 billion. USDC ranks second with $38.7 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-532.webp\" alt=\"3-532\" class=\"wp-image-246075\"\/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.theblock.co\/post\/328171\/ethereum-reclaims-usdt-dominance-overtaking-tron-for-first-time-since-2022\">The Block<\/a> explained that Ethereum&#8217;s appeal for USDT issuance is due to its dominance in DeFi and institutional adoption. TRON is favored for its low fees and speed, especially in regions with high remittance volumes.<\/p>\n<p>As of the end of the third quarter of 2024, USDT was used by 330 million cryptocurrency wallets and on-chain accounts, according to the issuer&#8217;s data.<\/p>\n<p>Tether attributed the increase in its audience to second-layer solutions and the development of the TON ecosystem.<\/p>\n<p>The most significant relative growth in supply dynamics over the past year was recorded in Optimism, Arbitrum, and Polygon.<\/p>\n<p>In July, Tether CEO Paolo Ardoino <a href=\"https:\/\/forklog.com\/en\/news\/tether-abandons-plans-for-proprietary-blockchain-amid-market-saturation\">acknowledged<\/a> that the company had considered creating its own blockchain but later abandoned the idea due to market saturation.<\/p>\n<p>Later, the top manager reported that various L2 teams were working on supporting USDT for gas payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has regained its dominance in the supply of USDT stablecoins after TRON took the lead in August 2022, according to DeFi Llama. The blockchain of the second-largest cryptocurrency by market capitalization has issued tokens worth $60.3 billion, while its competitor&#8217;s network holds nearly $58 billion. Over the past month, the former figure increased by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,807,1245,951],"class_list":["post-18909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-stablecoins","tag-tether-usdt","tag-tron"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18909"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18908"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}