USDT Transfer Volume Hits $52.9B as BNB Chain Overtakes Ethereum Since May
Main Idea
USDT transfer volume reaches $52.9B with BNB Chain overtaking Ethereum in market share since May 2025, while Tether reports strong financial performance and expansion plans.
Key Points
1. BNB Chain captures 30% of USDT volume, surpassing Ethereum's 27% share since May 2025.
2. USDT 30-day average transfer volume hits $52.9B, indicating steady stablecoin recovery.
3. Tether reports $4.9 billion Q2 profits and a circulating supply growth to $157.1 billion.
4. BNB Chain processes $14.9 billion in monthly USDT volume, while Ethereum handles $23 billion.
5. Tether holds $162.5 billion in total assets, with $5.47 billion in excess reserves above the 100% backing requirement.
6. Tether's U.S. Treasury holdings total $127 billion, positioning it among the largest holders of U.S. government debt.
7. Smaller networks like TON, Solana, Optimism, and Arbitrum show growing adoption for stablecoin transactions.
Description
BNB Chain captures 30% of USDT volume, overtaking Ethereum’s 27% share since May 2025. USDT 30-day average transfer volume hits $52.9B signalling steady stablecoin recovery . Tether has reported $4.9 billion Q2 profits with $157B circulating supply growth . USDT transfer volume has climbed to $52.9 billion on a 30-day moving average basis, marking a steady recovery in stablecoin velocity since the early 2022 market turbulence. According to Glassnode data, this gradual increase shows consistent g...
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