Ethereum
USDT Growth on Ethereum Was Not Matched by Smart-Contract Share Increase
TokenPost·September 28, 2026·1 min read
Ethereum's smart-contract share of Tether's USDt holdings fell to 10%–15% after late 2024, even as the stablecoin's supply surpassed $180 billion in early 2026. This indicates that USDT growth on Ethereum was not matched by an increase in smart-contract usage, suggesting a shift in how the stablecoin is held.
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