How big is USDT, and is its supply still growing?

[bonk]

USDT remains the largest stablecoin globally, with:

~$183B circulating supply at end of Q1 2026
Roughly 59% share of the $320B stablecoin market

Even though supply was stable during Q1, Tether’s CEO Paolo Ardoino noted that issuance increased by $5B+ into April, suggesting renewed demand after quarter-end.

This aligns with broader trends showing stablecoins becoming a core part of global crypto liquidity and payments infrastructure rather than just trading instruments.

[chainsniff]

570 million USDT users choosing digital dollars over local currencies in high-inflation economies is not a cryptocurrency adoption story, it is a vote of no confidence in about fifteen central banks simultaneously.