MILESTONE | USDT Becomes the First Stablecoin to Surpass $150 Billion Market Cap

In a significant milestone for the crypto industry, , solidifying its dominance as the leading stablecoin and a critical pillar of the digital asset economy.

According to , USDt now commands , dwarfing its closest competitor, , which holds nearly 25%. The record-setting figure reflects a , with a notable acceleration in growth following the election of U.S. President Donald Trump in November 2024.

REPORT | $USDT Stablecoin Dominates the Crypto Lending Market with Over 73% Market Share #Stablecoins now anchor most lending activity, providing price stability and minimizing liquidation risks.@Tether_to continues to dominate globally.https://t.co/rJQ105y787 pic.twitter.com/TaMjTBKDHw

— BitKE (@BitcoinKE) May 7, 2025

Stablecoins Surge Amid Broader Crypto Adoption

The growth in Tether’s market cap is emblematic of broader trends in the stablecoin ecosystem. Recent data from analytics platforms and show that the number of in the past year – an increase of more than 50%. As stablecoins continue to be a key source of on-chain liquidity and an essential tool for crypto traders, USDt remains central to that infrastructure.

REPORT | Almost Half of All $USDT Transactions in 2024 Originated from Emerging Markets, Says Q4 2024 @Tether_to Report

Wallet data reveals that 18.7 million accounts hold balances of less than $1, while another 31.5 million hold between $1 and $1,000https://t.co/dWLTEYuXzN pic.twitter.com/UbRRpeLRt7

— BitKE (@BitcoinKE) December 12, 2024

As the world’s largest stablecoin, , reflecting demand for digital assets, cross-border settlement, and decentralized finance (DeFi) participation.

Tether Eyes U.S. Market with Domestic Stablecoin Plans

Despite its dominance in international markets, , where regulatory frameworks for stablecoins are still evolving. However, the company is now preparing a strategic move to re-enter the U.S. market with a designed specifically for domestic use.

“A domestic stablecoin would be different from the international stablecoin,”
– Paolo Ardoino, CEO of Tether, speaking at Token2049 in Dubai

According to , Tether has increased its , aligning with ongoing legislative momentum. U.S. lawmakers are currently evaluating several bills focused on stablecoin regulation, including the , introduced by House Financial Services Committee Chair and Subcommittee Chair .

While the STABLE Act aims to create a national framework for stablecoin issuance, it has not gone unchallenged. During a , former CFTC Chair, Timothy Massad criticized the bill, citing its inadequate federal oversight and the potential for “weak state standards” if stablecoin regulation is delegated too loosely.

Tether’s increased engagement with policymakers suggests it is keen to avoid the compliance pitfalls that have limited its presence in the U.S. to date. If successful, a compliant domestic stablecoin from Tether could unlock a significant new wave of adoption, particularly as traditional financial institutions and fintech platforms explore tokenized dollar alternatives.

Tether’s $150 billion milestone is not just a number – it’s a marker of how deeply stablecoins have embedded themselves into the global crypto infrastructure.

STABLECOINS | Majority of New $USDT Users Are Coming from Emerging Markets, Including African Cities, Says a Bloomberg Analysis

According to Ardoino, Tether has just over 300 million users globally.https://t.co/DQz6v1xCHi @Tether_to @paoloardoino pic.twitter.com/jXthoNYyGt

— BitKE (@BitcoinKE) November 6, 2024