Tether's U.S.-focused stablecoin grows over 500% in a month, but still lags main rivals
CoinDesk
Tether's U.S.-regulated stablecoin USAT surged 540% in April to $140.8 million, though it remains significantly smaller than competitors like USDC.Summary
Tether's U.S.-focused stablecoin, USAT, saw its circulating supply jump from $22 million in March to $140.8 million by the end of April, representing a 540% increase. The token, issued via Anchorage Digital, is positioned to serve institutional treasury operations and regulated liquidity management. Despite this rapid growth, USAT remains far behind major competitors such as Circle's USDC ($76 billion), Paxos's PYUSD ($5.5 billion), and RLUSD ($1.7 billion).
(Source：CoinDesk)