According to Paolo Ardoino, Tether's USDt circulating supply has reached $147 billion as of April 26, 2025, marking a new all-time high and signaling increased adoption and liquidity in the stablecoin market (source: Paolo Ardoino Twitter). This milestone may indicate heightened demand for digital dollar assets, potentially impacting trading pairs and arbitrage opportunities across major crypto exchanges. Traders should monitor USDt inflows and outflows for signals of market sentiment and potential volatility in related assets.