Solana Holds $2.2 Billion USDT Supply, Leading Emerging Chains Beyond Ethereum and TRON

Token Terminal, a leading crypto data analytics platform, recently highlighted the evolving distribution of Tether (USDT) stablecoin across various blockchain networks. The analysis specifically focused on chains excluding the traditionally dominant Ethereum and TRON, identifying Solana, Aptos, and TON as the top three emerging platforms for USDT supply. This shift underscores a broader trend of stablecoin diversification across high-throughput and specialized blockchains.

"USDT supply across chains, excluding Ethereum and TRON. Top 3 chains: @solana @Aptos @ton_blockchain," stated Token Terminal in its recent social media post.

Solana has emerged as a significant hub for USDT, holding approximately $2.2 billion in USDT supply as of March 2025, according to CoinLaw data. The network has experienced rapid growth in USDT on-chain wallets, with an impressive 126% increase, signaling robust user adoption. Its high transaction speed and low fees contribute to its appeal for stablecoin transfers and decentralized finance (DeFi) activities.

Beyond Solana, the Aptos and TON blockchains are also gaining traction in the USDT ecosystem. Developers and protocols on emerging chains like Aptos have actively sought USDT integration throughout 2025, indicating future expansion and utility for the stablecoin on these platforms. Notably, Tether strategically partnered with Telegram's TON network in 2025, enabling seamless USDT payments directly within the popular messaging application, which could significantly boost its adoption.

While Ethereum and TRON continue to host the largest portions of USDT supply, the growing presence on networks like Solana, Aptos, and TON reflects the stablecoin's strategic expansion into diverse blockchain environments. This diversification aims to cater to varying user needs, offering alternatives with lower transaction costs or specialized functionalities. The continued integration of USDT across a wider array of chains reinforces its role as a foundational asset in the global digital economy.