Tether's circulation exceeds $160 billion, setting a new record high

On July 17, according to transparency data on Tether's official website, the current net circulation of $USDT has reached $160.261 billion, setting a record high. In terms of chain, Tron, Ethereum, and Solana are dominant, with circulations of $80.117 billion, $75.637 billion, and $18.864 billion, respectively. Tether CEO Paolo Ardoino wrote that this achievement demonstrates the unrivaled practicality of $USDT as a digital dollar in emerging markets. [PANews]