Ethereum Regains USDT Supply Dominance, Surpassing Tron for the First Time Since June 2022

Data shows that Ethereum has regained its dominance in USDT supply, surpassing Tron for the first time since June 2022. As of press time, the circulation of USDT on Ethereum is 66.936 billion, while the circulation of USDT on Tron is 61.77 billion. So far this year, the supply of USDT on Ethereum has increased by nearly 62%, exceeding the increase of Tron in the same period (24.4%). Analysis points out that the reason for the sharp increase in USDT supply on Ethereum may simply be due to bullish market conditions, as Bitcoin recently broke through its all-time high, rekindling the interest of retail investors and institutions. (The Block)