Ethereum surpasses other networks as leading chain for Tether's USDT

Ethereum has reclaimed its position as the largest blockchain for USDT deployment by surpassing Tron in supply. USDT supply on the ETH blockchain has grown by around $17 billion since May to $77 billion. The shift represents a reversal from earlier in May, when Tron temporarily held the lead with 48% supply compared to Ethereum’s 42%. The two blockchain networks have remained close competitors throughout the year, with between $75 billion and $80 billion supply levels. According to DeFiLlama data, Tron’s supply stands at $76.23 billion at the time of publication.