Are there trillions of Tether coins in circulation?

The circulation of Tether coins does not exceed one trillion. Tether limits the issuance of Tether to match the value of U.S. dollars in reserves, and as of February 1, 2023, the circulating supply of Tether was approximately $69 billion.

Tether issuance:

No, the circulation of Tether does not exceed one trillion.

Detailed explanation:

Tether (USDT) is a stable currency pegged to the US dollar, issued by Tether Limited. The issuance of Tether is pegged to the value of U.S. dollars held in Tether reserves. According to Tether’s official transparency page, the circulating supply of Tether is approximately $69 billion as of February 1, 2023.

Tether has made it clear that it will only issue Tether equal to the value of the fiat currency held in its reserves. In other words, Tether’s issuance is limited by the U.S. dollar reserves it actually holds.

Therefore, the issuance of Tether is unlikely to reach trillions. In fact, its issuance is much lower than some of its competitors on the market, such as Binance USD (BUSD) and USD Coin (USDC).

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