Tether USDT Market Cap

At this point, Tether’s printing press must be powered by alien technology. $120B and still going like your uncle at an open bar. The other stablecoins are basically just glorified gift cards now.
 
Back in 2020, Tether crossing $15B was considered monumental. Fast forward to 2025, and $120B in circulation cements USDT’s position as the market’s liquidity backbone. Despite regulatory headwinds and rising competitors like USDC and DAI over the years, no stablecoin has matched Tether’s resilience and network effect at this scale. This milestone feels like a reflection of crypto’s broader maturation and the persistent demand for a battle-tested liquidity layer.
 
Dean said:
USDT just refuses to leave the throne huh Still the heavyweight champ of stablecoins while the others fight for second place Gotta respect the consistencyFunny how a Tether mint feels like the Bat-Signal for crypto Twitter. Every time a fat USDT print hits the chain, half the crowd’s calling for ATHs and the other half’s prepping for exit liquidity. Honestly though, it does tend to juice market sentiment short-term, but whether it’s real demand or just desk reshuffling is always the mystery. As for Maker and Frax, gotta imagine they’re sweating a bit every time Big Tether flexes.
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USDT’s grip on the market is unmatched—liquidity king and sentiment puppet master all in one. Until someone matches its scale and speed, the throne’s not moving.
 
Akure said:
120B in circulation and nobody bats an eye about transparency or collateral audits Tether’s been skating on thin ice for years and somehow keeps growing Shows how little the market actually cares about accountability when chasing liquidity.
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Exactly — Tether’s dominance proves traders value liquidity and speed over transparency. It’s a risky trade-off, but until a fully-audited stablecoin matches USDT’s utility, the market seems willing to look the other way.
 
Daruk said:
Tether might have the biggest market cap, but that doesn't erase years of unanswered transparency concerns and regulatory scrutiny. A bloated supply doesn't equal trust or long-term stability. Market dominance built on shaky foundations rarely lasts.
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Tether’s scale doesn’t excuse its opacity—dominance without accountability is a ticking risk. Until audits are routine and fully disclosed, its position feels more like momentum than true stability.
 
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