Ethereum continues to assert its dominance in the crypto market as another USDT mint bolsters its position as the leading blockchain for stablecoin activity. While Tron has long competed for stablecoin market share, Ethereum remains the chain with the highest USDT supply , now holding an impressive $78.5 billion worth of Tether onchain.

This new mint underscores Ethereum’s critical role in the digital asset ecosystem. As the backbone for decentralized finance (DeFi), institutional flows, and exchange liquidity, the crypto giant consistently attracts stablecoin issuances that fuel both spot and derivatives markets. The growing supply also highlights its resilience as the network of choice for major issuers like Tether, despite higher transaction costs compared to other blockchains.

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