In a major milestone for the stablecoin ecosystem, Tron has officially surpassed Ethereum as the dominant network for Tether (USDT) circulation. According to CryptoQuant, USDT supply on Tron has reached $73.8 billion, edging past Ethereum’s $71.9 billion.

⚡ Why Tron Is Taking the Lead

The reasons behind this shift are practical: lower fees, faster transaction times, and consistent network performance. Since mid-2023, Tron has seen regular USDT mints of over $1 billion per month — with $14B issued in just the first five months of 2025.

By contrast, Ethereum’s gas fees and congestion have slowed its USDT growth, pushing many users toward Layer 2 solutions or alternative chains.

🌍 Stablecoins > Traditional Payments?

The rise of stablecoins isn’t just a crypto story anymore. Weekly stablecoin volume in 2025 has exceeded $521B, compared to Visa’s $319B and PayPal’s $32B. USDT dominates the sector with 62.05% market share and over $150 billion in supply, per DefiLlama.

Much of this volume comes from mid-sized wallets ($10K–$1M) — suggesting adoption by OTC desks, remittance providers, and payment platforms in emerging markets.

🔍 What About TRX?

Despite Tron’s growth, its native token TRX has struggled to keep pace. Currently trading around $0.26, it’s still down 38% from last year’s peak of $0.43 — even after recent gains of 6–7% monthly.

🧠 Trading insight: Tron’s stablecoin dominance may not be fully priced into TRX. While not without risk, rising real-world usage could eventually translate into renewed investor attention.

This article is for informational purposes only and does not constitute investment advice.