For the first time in six months, the volume of USDT tokens on the TRON network has surpassed that on Ethereum. This milestone not only highlights TRON’s rising importance, but also reflects strong global demand for stablecoins in regions with weaker regulatory pressure.
🔄 TRON and Ethereum Compete for Stablecoin Dominance
Tether (USDT), the world’s leading stablecoin, is expanding primarily on the TRON network, where the TRC-20 version has reached over 73.7 billion tokens in circulation, overtaking Ethereum, which currently holds 71.3 billion USDT (after several burns).
TRON founder Justin Sun expects the USDT supply on TRON to reach 75 billion soon, with total USDT supply across all chains exceeding 150 billion tokens. Thanks to fintech apps and wallet adoption, Tether is now estimated to reach over 400 million users globally.
🌍 TRON Benefits from Global Demand and Looser Regulations
What’s driving this growth? TRON’s low fees and transaction speed, which make USDT transfers highly practical in regions with limited banking access or strict regulatory environments.
The TRC-20 version of USDT is widely adopted on centralized exchanges like Binance, one of its biggest holders. As Ethereum faces increasing regulation, traders and whales are shifting their assets to TRON for greater flexibility.
While Ethereum remains essential for DEX trading and DeFi, USDT makes up 99% of all stablecoin liquidity on TRON – and it holds a 73% share on BNB Chain as well.
🐋 Whales Are Moving In – Volume Is Growing
The surge in USDT issuance on TRON has attracted large-scale investors, with whale transactions increasing sharply, especially in May. Although most users hold less than 100 USDT, the majority of transaction volume comes from whales.
TRON sees the highest activity during Asian market hours, and consistently outpaces Ethereum in daily transaction volume. It’s becoming the go-to network for fast, cost-efficient stablecoin transfers worldwide.
📈 TRX Strengthens, TRON Ecosystem Rebounds
This USDT momentum has had a positive effect on the price of TRON’s native token, TRX, which has rebounded and is now trading around $0.27.
TRON is also expanding its presence in other sectors – from memecoins and DeFi lending to centralized trading on platforms like HTX (formerly Huobi). Its DeFi ecosystem now holds $6.64 billion in total value locked, and has shown renewed growth since May 10.
🧠 One-Minute Summary:
After six months of Ethereum dominance, TRON now leads in circulating USDT supply. The shift reflects growing global demand for fast and cheap stablecoin transfers, especially in less regulated markets. With increasing whale activity, rising transaction volumes, and a stronger TRX, TRON is taking the lead in the stablecoin ecosystem, while recovering from recent lows.
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