TRON's Stablecoin Supply Surges 40% to $81 Billion in 2025

TRON has made significant strides in the first half of 2025, focusing on enhancing its role as a leading blockchain for stablecoin transfers. The network has seen important protocol updates, new partnerships, and growth across key onchain metrics. According to the latest report, TRON's performance has been marked by a 40% increase in the supply of stablecoins, reaching $81 billion, primarily driven by active USDT issuance. USDT now constitutes 99% of the stablecoin supply on TRON, with 51% of the total USDT in circulation residing on the network. This stablecoin is held by over 67 million accounts, with more than 1 million conducting daily transfers, resulting in 65 million USDT transfers in June, totaling over $600 billion in volume.

TRON's strategic focus on stablecoin transfers has been further reinforced by the introduction of gas-free USDT transfers. This initiative aims to address rising gas fees by allowing users to activate a GasFree wallet with a one-time fee of 1 USDT. Subsequent transfers incur a fixed commission of 1 USDT, paid in USDT rather than TRX. While this provides a more predictable fee structure, it may be less efficient for users who make small and frequent transactions.

In addition to stablecoin activity, TRON has demonstrated sustained growth in onchain metrics. The number of active users and transaction throughput continued to expand, driven by stablecoin transfers and trading on decentralized exchanges. Transaction volume and active addresses were among the strongest metrics in Q2, with TRON recording 780 million transactions, a 37% year-over-year increase and the second-highest quarterly total on record. This surge was largely driven by a significant rise in TRX transfers, which now account for nearly 41% of all activity on the network. Daily active addresses increased by 25% in Q2 compared to the same period in 2024, positioning TRON ahead of major competitors such as BNB Chain, Ethereum, and Polygon.

The rise in onchain activity during the first half of 2025 also translated into growth in TRON’s financial metrics. In Q2, the network achieved an all-time high in revenue, with a significant increase of 20% compared to the first quarter. This growth underscores TRON’s expanding presence in the global stablecoin ecosystem and its role as a core infrastructure layer for stablecoin transfers.