Yeliz Akmaca 
Tether (USDT) has broken records in the cryptocurrency market. The stablecoin’s market capitalization has reached $150 billion for the first time. This success has been fueled by Tether’s expansion efforts in the US market. According to Coinglass data, the circulating supply of USDT has been rapidly increasing. Data from Dune and Artemis shows that active stablecoin wallets have surged by over 50% in the past year, rising from 19.6 million to 30 million. This growth highlights the global interest in stablecoins.
US Expansion and Local Stablecoin Strategy
Tether is working to gain a stronger foothold in the US market. The company’s efforts to comply with regulations are supporting its growth. Institutional investors are showing increasing interest in USDT. Coinglass reports that USDT trading volume has risen by 20% in recent weeks. Meanwhile, Tether’s CEO Paolo Ardoino’s emphasis on local stablecoins at Token2049 suggests that the company may develop tailored solutions for new markets. The company is increasing reserve transparency by publishing regular reports, which strengthens investor confidence. Tether’s moves in the US are solidifying its global leadership in the stablecoin space. Additionally, Ardoino’s statements at the Token2049 conference in Dubai drew attention. Ardoino said:
“A local stablecoin will be different from an international stablecoin.” This points to Tether’s new vision for digital fiat currencies.
Competition and Growth in the Stablecoin Sector
That while the stablecoin sector experienced a weekly decline of 0.3%, Tether continues to grow. With a $150 billion market cap, USDT overshadows its competitors. For instance, USDC’s market cap remains at $35 billion. According to Coinglass, USDT’s supply on Tron has surpassed Ethereum, accounting for 48.57%. Furthermore, Dune and Artemis data confirm that stablecoin wallets have reached 30 million. This indicates that investors seeking stability in the crypto market prefer USDT. Tether’s growth is also supported by the broader market recovery.
Tether is making a difference in the crypto world with both its US expansion and its local stablecoin vision. Ardoino’s statements prove that the company is charting an innovative roadmap.
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