Tron Dominates USDT Circulation with Over $83 Billion in Stablecoins

Tron now holds over half of all USDT in circulation, with over $83 billion on its network, after the US passed the GENIUS Act. The law gave clear rules for payment stablecoins, and Tron quickly added billions in USDT. Tron has maintained its dominance in the stablecoin market due to its low fees and fast transfer times. The stablecoin market reached $261 billion in July, with Tron's market on the network hitting a record high of $81.9 billion. Tron has processed trillions of dollars in transactions and serves millions of users worldwide.

Tron (TRX) has solidified its position as the leading blockchain for Tether (USDT) transactions, holding over half of all USDT in circulation, with over $83 billion on its network. This dominance is a result of the U.S. Congress passing the GENIUS Act on July 18, 2025, which established clear regulatory guidelines for payment stablecoins. Following the legislation, Tron quickly added billions in USDT, bolstering its market share.

The stablecoin market reached a record high of $261 billion in July, with Tron's USDT market on the network hitting a record high of $81.9 billion. This growth is attributed to Tron's efficient infrastructure, which supports low-cost, high-volume stablecoin transactions. The network processed trillions of dollars in transactions and serves millions of users worldwide, including both retail and institutional participants.

Tron's success can be attributed to its ability to cater to a diverse range of user groups. According to CryptoQuant contributor Arab Chain, the network processed over 8.29 million USDT transactions in the week ending August 3, 2025. The distribution of transaction sizes highlights TRON’s appeal across different user groups, from freelancers and online vendors to institutional traders and high-net-worth individuals [2].

The GENIUS Act has provided a clearer legal foundation for dollar-backed digital assets, establishing guidelines for anti-money laundering (AML), consumer protection, and financial stability. This regulatory clarity has likely contributed to the increased adoption of stablecoins like USDT on the TRON network [2].

Despite the growing competition, Tron's low fees and fast transfer times have helped it maintain its dominance. The network's ability to facilitate both high-frequency and high-value transfers makes it a core component in enabling digital commerce, payroll systems, and cross-border payments [2].

While the competition from other blockchains, such as Ethereum, remains, Tron's established user base and regulatory compliance may continue to drive its market share. However, the long-term impact of new entrants like Tether's Plasma chain remains to be seen.

References:
[1] https://finance.yahoo.com/news/tether-usdt-getting-own-zero-100825240.html
[2] https://www.tradingview.com/news/newsbtc:5ccd730cb094b:0-tron-sees-over-8-million-usdt-transactions-in-one-week-what-s-fueling-this/