USDT’s market cap hit $150 billion, highlighting the growing importance of stablecoins in global finance

On May 12, 2025, Tether's USDT’s market cap hit $150 billion market capitalization for the first time.

USDT has a 36% increase in circulating supply over the past year.

USDT now has  61% of the global stablecoin market by circulating supply, solidifying its position as the leading stablecoin.

This dominance is followed by Circle’s USDC, which accounts for nearly 25% of the stablecoin market.

The growth in USDT's market cap is part of a broader trend toward digital fiat currencies.

Recent data indicates that the number of active stablecoin wallets has increased by over 50% in the past year, rising from 19.6 million to 30 million.

This trend indicates the growing acceptance and usage of stablecoins in the financial ecosystem.

Despite its global presence, Tether’s usage is restricted in the United States, a region that is increasingly supportive of pro-crypto legislation.

In response to this regulatory environment, Tether is planning to launch a new dollar-backed stablecoin in the US later this year. This move aims to capitalize on the growing demand for stablecoins within the region.

Tether’s USDT $150 billion market cap milestone underscores its vital role in crypto trading liquidity, DeFi activity, and cross-border transactions. As the world’s largest stablecoin, USDt is often viewed as a proxy for cryptocurrency demand, reflecting investor activity and capital inflows across exchanges and Web3 platforms.

However, Tether's expansion is not without challenges. The company has faced scrutiny over its reserves and regulatory status, particularly in the United States.

While Tether is increasing lobbying efforts in Washington as US lawmakers consider several stablecoin-related bills, including the STABLE Act, the regulatory landscape remains complex and evolving.

In summary, Tether's USDT reaching a $150 billion market cap highlighting the growing importance of stablecoins in global finance.