The circulation of Tether, a stablecoin pegged to the US dollar, has reached an impressive 112.5 billion units. The Ethereum and Tron networks play a crucial role in the circulation of Tether, with a combined total of 97.4% of the total circulation. The Tron network leads the way, holding 58.6 billion USDT, while the Ethereum network holds 50.96 billion USDT. This data showcases the trustworthiness and popularity of these networks among cryptocurrency users.

The significant circulation of Tether on these networks can be attributed to its stability and trustworthiness. As a stablecoin, Tether's value is pegged to the US dollar, making it an attractive option for users looking for a stable store of value. The high circulation of Tether also highlights the importance of these networks in facilitating transactions and trades.

The Ethereum network, in particular, has been instrumental in the growth of Tether. As the first blockchain to support Tether, Ethereum has facilitated the majority of Tether transactions and use cases. From trading on centralized and decentralized exchanges to lending protocols and yield generation, Ethereum has played a vital role in the growth of Tether.

However, the Tron network has been gaining ground, offering a more efficient and cost-effective alternative to Ethereum. With lower transaction fees and faster processing times, the Tron network has become an attractive option for users looking to transfer USDT. As a result, the Tron network has seen significant growth, with over $55 billion worth of USDT issued on the network.

In conclusion, the circulation of Tether has reached an impressive 112.5 billion units, with the Ethereum and Tron networks playing a vital role in its growth. The stability and trustworthiness of these networks have made them attractive options for users looking for a stable store of value. As the use of Tether continues to grow, it is likely that these networks will remain at the forefront of its circulation.