Tether’s $150B Milestone: Big Growth Abroad, Bigger Plans at Home

By: cryptosheadlines|2025/05/15 02:45:04
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Tether (USDT), the world’s largest stablecoin, has reached an all-time high market capitalization of $150.66 billion, solidifying its dominance in the global stablecoin market. New DeFiLlama data shows the figure has grown $830 million in weekly terms, and the total has risen more than $5.5 billion since mid-April. But while investors are excited by the market cap, the important details are in who uses these stablecoins and how they are deployed.Tron Captures Nearly Half of USDT SupplyTron continues to serve as the biggest network for issuing USDT. With $73.7 billion now on Tron, accounting for 46.8% of USDT, the lead over Ethereum, which comes second, has increased. In just the last seven days, Tron’s USDT supply jumped by 2.47%, showing why it is becoming more popular for settlement in emerging markets that care about transaction costs and speed. Tron is the top choice for OTC desks and remittances because of its low fees, easy setup, and tight exchange integrations, says a stablecoin market analyst.Even though Ethereum is the main holder of USDT, the total supply on other networks like BNB Chain, Solana, and Avalanche is much smaller and usually just in the low single digits.Stablecoin Liquidity Floods Tron as Demand GrowsIn the last week, the total value of stablecoins on Tron, including USDC, DAI, and smaller tokens, jumped $1.79 billion, now standing at $73.74 billion. Analysts think the shift shows that cheaper options are attracting liquidity, mainly because people need digital dollars in regions where local currencies are volatile.This year, Tether has grown its supply by more than 36%, mostly after November 2024, when the U.S. presidential election results spurred more optimism for crypto.Tether is now valued at a 61% global share of the stablecoin market, according to information from CoinMarketCap. With roughly 25% owned by Circle’s USDC, it’s clear that USDT still commands a strong presence in crypto trading, providing liquidity, and connecting with DeFi protocols.Tether Plans U.S. Launch Amid Regulatory OpeningThis surge in Tether’s value goes hand in hand with broader industry numbers. In the past year, stablecoin usage has jumped 50%, with Dune and Artemis counting a rise from 19.6 to 30 million active wallets. It shows that more people around the world are turning to fiat-backed stablecoins as a way to link traditional and decentralized systems.Tether is a dominant player worldwide, yet it can’t operate in the U.S., a market that is currently opening up to innovation in crypto. According to Tether, a stablecoin pegged to the U.S. dollar will launch in the United States later this year.Speaking at the Token2049 event in Dubai, Paolo Ardoino, Tether CEO, said that a domestically issued stablecoin would be distinct from its international counterpart.Tether Boosts Lobbying as Regulation LoomsThis development takes place as Tether step up lobbying activities in Washington, where regulators are discussing how to regulate stablecoins. French Hill of the House Financial Services Committee and Bryan Steil of the Digital Assets Subcommittee proposed the STABLE Act as a key piece of legislation.The STABLE Act proposal has gotten significant pushback. Former CFTC Chair Timothy Massad, in testimony before the House Subcommittee on Feb. 11, argued that the bill posed a high risk of state standards not being strong enough and that it lacks continued federal oversight for issuers.The review process is inadequate, Massad said, casting doubt on whether the bill would meaningfully rein in Tether or similar stablecoin issuers.ConclusionThe steady increase in Tether’s growth, most noticeable on Tron, helps it control the global stablecoin market. As USDT holds more than 61% of the market and is being adopted quickly, it is central to crypto liquidity. Tether’s pursuit of a U.S. license and effort to overcome regulations shows that dominance in stablecoins will bring both chances and attention in the years ahead.Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news!FAQs1. Why is Tether’s market cap important?Tether’s $150.66 billion market cap solidifies its dominance, holding 61% of the global stablecoin market.2. Why is Tron the top network for USDT?Tron leads with nearly 47% of USDT due to low fees, easy setup, and strong exchange support.3. How did the U.S. election affect Tether?Tether’s supply grew 36% in the past year, with acceleration following the 2024 U.S. election.4. Is Tether available in the U.S.?Tether is restricted in the U.S., but plans to launch a compliant stablecoin later this year.Glossary Of Key TermsTether (USDT):A stablecoin pegged to the U.S. dollar, widely used in crypto trading.Market Cap:The total value of a cryptocurrency, calculated by its price and circulating supply.USDT Expansion:The increase in Tether’s circulating supply indicates growth in usage.Tron (TRX):A blockchain known for low fees and fast transactions, hosting a large portion of USDT.Stablecoins:Cryptocurrencies pegged to a fiat currency, offering price stability.STABLE Act:A U.S. bill proposing regulations for stablecoins, facing criticism for weak oversight.Referencecnbc.comcointelegraph.comDeFiLlama.com DisclaimerThe price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.Source link

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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.


There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."


Question One: Is this encryption the same as Signal's encryption?


No. The difference lies in where the keys are stored.


In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.


X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.


This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.


The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.


The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.


After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."


From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.


In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.



As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."


Issue 2: Does Grok know what you're messaging in private?


Not continuous monitoring, but a clear access point.


For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.


This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.


There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."


Issue 3: Why is there no Android version?


X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.


In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.



WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.


X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.


These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.


Elon Musk's "Super App"


This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.



X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.


Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.


The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.


X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.


The help page sentence has never been just technical instructions.


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