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USDT Circulation Reaches 112.5 Billion, Primarily on the Ethereum and Tron Networks
As of June 11, USDT circulation reached 112.5 billion, with Ethereum and Tron accounting for 97.4%, demonstrating their supremacy in stablecoin circulation and user trust.
According to BlockBeats, USDT (Tether) has a current circulation of 112.5 billion as of June 11. The Ethereum and Tron networks account for the vast bulk of this, at 97.4%.
The Tron Network has 58.6 billion USDT, which accounts for 52.1% of the entire circulation. Meanwhile, the Ethereum network has 50.96 billion USDT, accounting for 45.3% of the total. This data demonstrates how important these two networks are in the movement of USDT.
It's worth noting that USDT is a stablecoin, a form of cryptocurrency that tries to tie its market value to an external reference. USDT is tied to the US dollar. USDT's substantial circulation on social networks demonstrates its popularity and dependability among cryptocurrency users.
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