The Tron Network has approached the rule of Ethereum leadership in the circulation of ties after another great mint by the US stable issuer. UU.
On May 5, Tether advised another $ 1 billion to tie (USDT) on the Tron Network, according to Arkham Intelligence. This carries the total of USDT in Tron to $ 71.4 billion, according to Tether’s transparency report.
In comparison, there are currently $ 72.8 billion of USDT that circulate in the Ethereum Network, so only $ 1.4 billion more than the USDT in Tron will become the leading network for the largest stable issuer in the world, since it has been.
Tron was ahead of Ethereum for the circulation of the USDT between July 2022 and November 2024, but a large mint of $ 18 billion in Ethereum pushed the network again, according to Cryptoquant.
The third largest network for USDT is Solana, which has $ 1.9 billion that circulates, and there are smaller amounts in tons, avalanche, atos, close, zeal and cosmos.
Tether’s total circulation is currently in a record of $ 149.4 billion, since it increased 8.6% since the beginning of this year. This gives the firm a 61%Stablecoin market share, according to Coingcko.
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Its closest competitor, Circle, has a market share or 25% with almost $ 62 billion USDC (USDC) in circulation.
The Stablecoin broadcast has increased in the last six months, and currently represented 8% of the total cryptography market capitalization.
In a report at the end of April, the United States Department of the United States predicted that the Stablecoin market could reach $ 2 billion by 2028 if regulatory clarity is achieved.
Stablecoin legislation about the following voting
It is widely believed that two key legislation pieces must be approved in the United States to consolidate the stablecoins position.
The National Innovation Law for National Innovation for the United States (Genius) establishes clear definitions for the “payment stable” and the reserve rules for Stablecoin issuers.
Legislators in the United States Senate will advance with a vote on the genius of the Stablecoin bill before May 26, in accordance with the reports.
Meanwhile, the transparency and responsibility of Stablecoin for a Ledger Economics Law (stable) for the best greater book, which governs the approval and supervision of “stabilization issues not of federally qualified payment”, it is also going through congress.
Tether also plans to launch a US -based stablecoin. UU. At the end of this year, with a synchronization dependent on the legislation adjustment.
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