Tron has benefited from the integration of USDT with its most popular stablecoin. It now controls over half of all USDT Tokens.
Tron (TRX) Tron is again at the forefront of stablecoin adoption. Tron hosted more than half of USDT, the world’s largest stablecoin. Tron is now the blockchain where traders hold more USDT than Ethereum (ETH) The total number of chains is greater than all others combined.
TronScan estimates that USDT is available on Tron in an amount of over $75,7 billion. Tron barely crossed 50% with USDT’s market capitalization of approximately $151 billion.
It was a milestone that followed an explosion of activity on Tron’s blockchain. 60 million transactions In the last week. Tron is the third most active network in terms of transactions, behind Base (67 million) and Solana (433 million).
Tron’s USDT dominance is challenged
Tron’s USDT dominance is continuing a trend which began in early this year after a steep decline at the end of 2024. The falling prices of assets at the time prompted investors to switch their cryptocurrency holdings from Ethereum, Solana and other chains into stablecoins. This increased USDT supply in those networks.
By contrast, Tron is more closely associated with stablecoin payments—particularly USDT—due to its lower transaction fees compared to Ethereum and its strong network effects. In the wake of the crypto-price recovery, USDT was converted by users to Bitcoin, altcoins and other currencies on other chains. Tron, however, benefited from its role as a stablecoin provider.
Tron has a strong relationship with Tether (the USDT issuing entity). As an example, during January. Tether coordinated a $1 billion USDT migration on Tron. Tether, as well as an anonymous crypto exchange, moved USDT from cold wallets onto the Tron Network.
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Source: crypto.news
