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 progress in market exercise and stablecoin adoption throughout a number of blockchain networks.

The sustained quantity progress comes as Tether points over $13 billion in new USDT throughout Q2 2025, bringing the whole 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 keeping with 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 biggest 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 Could 2025, when BNB Chain’s quantity share exceeded 30% of whole USDT transfers. Beforehand, Ethereum held over 27% of quantity from January by Could, 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 web revenue for the quarter to contribute to $5.7 billion in year-to-date income. The agency has $162.5 billion of whole belongings 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 in keeping with the objectives of the GENIUS Act to consolidate greenback supremacy in crypto markets.

Associated: Tether Experiences $4.9B Q2 Revenue and $2.6B Good points from Bitcoin, Gold Reserves

The agency has invested important capital in strategic investments reminiscent of XXI Capital, Rumble platform build-out, and numerous synthetic intelligence (AI) initiatives. Ardoino defined that US investments quantity to round $4 billion, geared toward establishing a sturdy 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 measurement premium permits for enterprise flexibility in product innovation and market improvement efforts.

Trying forward, the following 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 can goal the American market with choices tailor-made to regulatory compliance and institutional onboarding.