USDT Transfer Volume Hits $52.9B as BNB Chain Overtakes Ethereum Since May

USDT switch quantity has climbed to $52.9 billion on a 30-day shifting common foundation, marking a gentle restoration in stablecoin velocity for the reason that early 2022 market turbulence. In keeping with Glassnode knowledge, this gradual enhance exhibits constant development in market exercise and stablecoin adoption throughout a number of blockchain networks.

The sustained quantity development comes as Tether points over $13 billion in new USDT throughout Q2 2025, bringing the full circulating provide to $157.1 billion. This represents a $20 billion year-to-date enhance and widens the hole with competing stablecoins to over $100 billion in response to CEO Paolo Ardoino.

BNB Chain Captures Market Share from Ethereum

Blockchain distribution knowledge as of July 30, 2025 reveals altering dynamics in USDT switch patterns throughout main networks. Tron maintains the most important share with $23 billion in month-to-month quantity, whereas BNB Chain’s $14.9 billion has overtaken Ethereum’s $13.3 billion.

This shift marks a notable change since Might 2025, when BNB Chain’s quantity share exceeded 30% of complete USDT transfers. Beforehand, Ethereum held over 27% of quantity from January by way of Might, whereas Tron commanded over 55% of USDT exercise.

Associated: Tether Mints 1 Billion USDT on Tron, Reaches 82.69 Billion Provide Milestone

Smaller networks present rising adoption with TON processing $94.7 million, Solana dealing with $780.4 million, and layer-2 options Optimism and Arbitrum processing $60.4 million and $638.3 million respectively. These figures present diversification in blockchain utilization for stablecoin transactions.

Tether’s Monetary Efficiency Drives Enlargement Plans

Tether’s Q2 2025 attestation report confirms $4.9 billion of internet earnings for the quarter to contribute to $5.7 billion in year-to-date income. The agency has $162.5 billion of complete property to assist its issuance of stablecoins, with $5.47 billion of extra reserves above the 100% backing requirement.

Tether additionally reported $127 billion in U.S. Treasury holdings, each direct and oblique, rating it among the many world’s largest holders of the U.S. authorities debt. This places it according to the targets of the GENIUS Act to consolidate greenback supremacy in crypto markets.

Associated: Tether Reviews $4.9B Q2 Revenue and $2.6B Features from Bitcoin, Gold Reserves

The agency has invested vital capital in strategic investments resembling XXI Capital, Rumble platform build-out, and varied synthetic intelligence (AI) initiatives. Ardoino defined that US investments quantity to round $4 billion, geared toward establishing a strong native ecosystem.

Tether’s enlargement has established a dominant market management with its closest competitor trailing by greater than $100 billion in circulating provide. This dimension premium permits for enterprise flexibility in product innovation and market improvement efforts.

Trying forward, the subsequent quarter will witness the institution of a brand new US operation by Tether that’s geared toward creating complete monetary merchandise past the standard stablecoins. Additional, it’s going to goal the American market with choices tailor-made to regulatory compliance and institutional onboarding.