[Tether's USDT Expands Circulating Supply Nearly Threefold to a Historic High of $187 Billion] According to market reports from Jinse Finance: From May 2022 to January 2026, Tether's USDT expanded its circulating supply nearly threefold, reaching a historic high of $187 billion, while Circle's USDC remained relatively stagnant. As a result, USDT has significantly widened the gap with USDC.