Ethereum News Today: BNB Chain Surpasses Ethereum in 30% USDT Transaction Share

USDT transfer volumes have surged to $5.29 billion across major blockchains as of August 1, 2025, according to a report by Glassnode, highlighting a significant shift in blockchain user behavior and market dynamics. The dominance of USDT in this period is largely attributed to increased activity on Tron, BNB Chain, and Ethereum, which continue to lead in USDT transfer volumes. BNB Chain has notably surpassed Ethereum, now accounting for over 30% of all USDT transactions, a sign of capital reallocation and a growing preference for blockchains with lower transaction fees and higher utility [1].

The evolving blockchain ecosystem is witnessing a redefinition of liquidity and transactional efficiency, with Tron and BNB Chain attracting higher levels of user engagement. This shift has sparked discussions within crypto communities about the potential for new investment strategies and broader market implications. Justin Sun, founder of TRON DAO, emphasized the platform’s continued leadership in USDT transfers, attributing the success to user trust and strong developer engagement. Similarly, BNB Chain has positioned itself as a competitive alternative with its expanding utility and cost-effective infrastructure [2].

The broader market context reflects a growing institutional and retail interest in USDT. Tether reported the issuance of $13.4 billion in new USDT in the first half of 2025, bringing its total market cap to $163.73 billion as of August 1. Despite maintaining a price of $1.00, USDT experienced a 1.25% drop in the last 24 hours and a 5.19% decline over the past seven days. The stablecoin’s large 24-hour trading volume of $128.14 billion underscores its role as a key asset in the digital economy [3].

A new development in the stablecoin space is the launch of Stable, a blockchain initiative backed by Tether CEO Paolo Ardoino and Bitfinex, which has raised $28 million in seed funding. The project aims to create a blockchain specifically optimized for USDT transactions, focusing on low fees, fast processing times, and scalable infrastructure. The platform’s roadmap includes the use of USDT as a gas token, the development of enterprise payment solutions, and the expansion of tools for developers. These efforts align with the broader trend of building infrastructure around stablecoins, especially as the market size of stablecoins grows to $273 billion, with USDT and USDC as the leading players [5].

The structural shift in blockchain preferences is further reflected in the increasing supply of USDT on Tron’s network, which now holds $80.8 billion in USDT. This move is driven by the platform’s gasless transactions and cost-effective infrastructure, making it an attractive option for users seeking efficiency and scalability in digital payments [7]. Academic analysis supports these trends, noting the widespread adoption of USDT due to its high liquidity and global acceptance [8].

Regulatory developments, such as the U.S. GENIUS Act, aim to provide a clearer legal framework for stablecoin operations, potentially encouraging further innovation and investment in the space. As the market continues to evolve, the combination of increased USDT issuance, infrastructure improvements, and regulatory clarity is likely to reinforce its position as the dominant stablecoin in the digital economy [6].

[1] Stable raises $28M to build first blockchain designed for USDT payments – [https://coindoo.com/stable-raises-28m-to-build-first-blockchain-designed-for-usdt-payments/](https://coindoo.com/stable-raises-28m-to-build-first-blockchain-designed-for-usdt-payments/)

[2] Tether Earns $5.7 Billion H1 2025 – [https://www.binance.com/en/square/post/277176****0810](https://www.binance.com/en/square/post/277176****0810)

[3] Bitfinex and Hack VC co-lead $28M for Tether-focused Layer 1 Stable – [https://www.nftgators.com/bitfinex-and-hack-vc-co-lead-28m-for-tether-focused-layer-1-stable/](https://www.nftgators.com/bitfinex-and-hack-vc-co-lead-28m-for-tether-focused-layer-1-stable/)

[5] Stable raises $28M in seed funding to expand USDT utility – [https://www.ainvest.com/news/stable-raises-28m-seed-expand-usdt-utility-stablecoin-focused-blockchain-2507/](https://www.ainvest.com/news/stable-raises-28m-seed-expand-usdt-utility-stablecoin-focused-blockchain-2507/)

[6] Stablecoin market and regulatory developments – [https://www.ainvest.com/news/stable-raises-28m-build-usdt-optimized-blockchain-global-payments-2508/](https://www.ainvest.com/news/stable-raises-28m-build-usdt-optimized-blockchain-global-payments-2508/)

[7] TRON overtakes Ethereum in USDT supply – [https://thecurrencyanalytics.com/altcoins/tron-overtakes-ethereum-in-usdt-supply-as-gasless-transactions-draw-users-187984](https://thecurrencyanalytics.com/altcoins/tron-overtakes-ethereum-in-usdt-supply-as-gasless-transactions-draw-users-187984)

[8] ESSAYS ON STABLECOINS' STABILITY – [https://papers.ssrn.com/sol3/Delivery.cfm/5370103.pdf?abstractid=5370103&mirid=1&type=2](https://papers.ssrn.com/sol3/Delivery.cfm/5370103.pdf?abstractid=5370103&mirid=1&type=2)