According to Paolo Ardoino on Twitter, the circulating supply of Tether (USDt) has reached 146 billion as of April 25, 2025. This milestone highlights growing demand for USDt in crypto trading, indicating heightened market liquidity and increased stablecoin adoption by institutional and retail traders. The significant supply expansion may influence trading pairs, arbitrage opportunities, and liquidity pools across major exchanges (Source: Paolo Ardoino Twitter).