The USDT stablecoin has seen significant growth and activity recently. In China, USDT remains highly popular, while the RMB-pegged stablecoin Tether CNH (CNHT) has seen little demand. On the TON blockchain, USDT's net circulation has surpassed $500 million in less than two months, marking the fastest growth in Tether's history. The network’s TVL also grew to $670 million, boosted by Web3 integrations and popular mini-games on Telegram. Additionally, significant cryptocurrency transactions have been reported, including a transfer of 100 million USDT from Bybit to an unknown wallet and 65 million USDT from Kraken to Bitfinex. Other notable transactions include 4,500 BTC worth approximately $276 million transferred between unknown wallets and 10,000 ETH worth around $33.8 million transferred to Bybit.