Tether Surpasses Ethereum with USDT Issuance on Tron

Tether has issued 75.7 billion USDT on Tron’s blockchain by May 17, 2025, surpassing Ethereum for the first time in terms of total USDT supply, according to data shared by Lookonchain.

Tron’s Blockchain Usurps Ethereum’s Dominance

The issuance of 75.7 billion USDT on the Tron blockchain represents a significant shift in the stablecoin market. Tether has capitalized on Tron’s low fees and high throughput, ensuring its dominance as the largest USDT issuer. “

Tether’s Strategic Network Shift

Tether’s decision to focus on Tron over Ethereum indicates a preference towards more efficient networks. According to data shared by Lookonchain on May 17, 2025, “Tether has now issued a total of 75.7 billion USDT on Tron, surpassing the total supply on Ethereum as recorded on-chain.”

The redistribution of USDT supply has implications for liquidity in decentralized finance (DeFi) platforms. With more USDT circulating on Tron, DeFi activities on Tron-based platforms may see increased liquidity and lower operational costs.

Impact on Institutional Investors and DeFi Ecosystems

This shift may also influence institutional investors, as they seek cost-effective solutions for digital asset trading and settlement. Experts suggest that the competitive edge offered by Tron could affect Ethereum’s share in the stablecoin market.

Historically, shifts in USDT supply to alternative blockchains like Tron lead to growth in their respective DeFi ecosystems. The expectation is similar liquidity enhancements and user migration, presenting opportunities for Tron’s network growth. These changes are closely monitored by the crypto community for potential future trends.