Tether Supply Surpasses $160 Billion… "Proven Unique Utility"

JOON HYOUNG LEE

Summary

Tether (USDT) supply has surpassed $160 billion, according to Tether.
The Block reported that 81.5% of Tether's reserves consist of cash and cash-equivalent assets such as short-term U.S. Treasury bonds, and Bitcoin (BTC) accounts for 5.1% of the reserves.
Bernstein predicted that the stablecoin market will grow to $4 trillion by 2035, with Tether holding an approximately 65% market share.

Tether (USDT) supply has, for the first time ever, surpassed $160 billion.

According to Tether on the 17th (local time), the total supply of Tether was approximately $160.2 billion as of this day. This marks the first time Tether's supply has exceeded $160 billion. Paolo Ardoino, CEO of Tether, stated on X, "$160 billion (in supply) is a remarkable milestone," adding that "Tether has proven its unique utility as a digital dollar."

Previously, in May, Tether's total supply surpassed $150 billion. The Block reported, "81.5% of Tether's reserves consist of cash and cash-equivalent assets such as short-term U.S. Treasury bonds," and "Bitcoin (BTC) accounts for 5.1% of the reserves."

Meanwhile, U.S. investment bank Bernstein projected that the stablecoin market will expand from $250 billion today to $4 trillion by 2035. According to Bernstein's prediction, Tether's stablecoin market share in 2035 will be approximately 65%.

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