USDT market cap hits 150 billion USD for first time as Tether eyes US expansion

On May 12, 2025, USDT’s market cap reached 150 billion USD, marking Tether’s substantial dominance as it controls 61% of the stablecoin market.

Tether plans to launch a new dollar-backed stablecoin in the U.S. This year, amidst enhancing its lobbying efforts for regulatory compliance in Washington.