Ethereum and USDT regain dominance... overtaking Tron for the first time in two years

Ethereum has overtaken Tron to reclaim its position as the largest blockchain for the Tether (USDT) stablecoin.
On the 25th (local time), Cointelegraph reported that Ethereum (E
According to Dipyrama data, Ethereum currently has $60.3 billion in USDT supply.
) worth of Tether, surpassing Tron's $58.1 billion (approximately 8.9453 trillion yen). This is the first time Ethereum has surpassed Tron since August 2022. Last week, Tron's USD
The supply of USDT has decreased by 1.5%, while Ethereum has increased by 9.3%. The supply of USDT is currently at an all-time high of $132.9 billion.
This highlights the importance of stablecoins as the foundation for trading liquidity and capital flows across the cryptocurrency ecosystem.
Ethereum is primarily used by financial institutions to tokenize US dollar-based real assets.
The blockchain used by cryptocurrencies, Tron, with its low fees and fast speeds, has become the preferred chain for many people in countries with high inflation rates to store their savings in stablecoins like USDT.
Ethereum reclaimed first place on November 21, and then on the 23rd, Tether issued 2 billion USDT to Ethereum and 1 billion USDT to Tron, narrowing the gap between the two chains.
The trend has expanded even further. BNB Chain, Arbitrum, and Avalanche have raised $4.58 billion, $3.09 billion, and $1.31 billion in USDT supply, respectively.
Rounding out the top five by volume, USDT remains the world's largest stablecoin with a market cap of $132.3 billion, ahead of Circle's USD Coin.
DC) followed with $39 billion.