Tron Surpasses Ethereum With 80.76 Billion USDT Supply

Tron blockchain has achieved a significant milestone in the cryptocurrency landscape, with the total circulation of USDT (Tether) on its network surpassing $80 billion. This development positions Tron as the top-performing blockchain for USDT transactions, outpacing Ethereum and 19 other chains. The growth in USDT supply on Tron has been substantial. By 2020, Tron’s USDT totaled roughly $6.7 billion, which surged to $39.4 billion by the end of 2021, marking a 487% increase. This upward trend continued into 2025, with the USDT supply on Tron rising from $59.7 billion at the start of the year to $80.76 billion by mid-year. On November 13, 2024, Tron surpassed Ethereum’s $72.51 billion in total USDT supply, a position that Ethereum had held for over three years.

Ethereum, despite its robust DeFi ecosystem and broader diversity of stablecoins, has seen Tron capture a dominant share of the USDT market. Other chains, such as Solana, Aptos, and TON, have much smaller shares of USDT circulation compared to Tron and Ethereum. USDT remains the most widely used stablecoin within the cryptocurrency market. The dominance of Tron in USDT transactions indicates a shift in user and exchange preferences. Tron’s lower transaction fees and faster processing times make it an attractive option for users sending and receiving stablecoins.

Recently, the Tether Treasury minted $2 billion USDT on Tron alone, bypassing Ethereum and other chains. This decision underscores Tether’s preference for Tron due to its cost-effectiveness, reliability, and speed. Following this mint, there were significant inflows of stablecoins into large exchanges, such as HTX Global, which received $1.24 billion in inflows within hours. This activity is often indicative of a bullish market trend, as traders prepare liquidity to capitalize on potential opportunities.

In the last week, there were more than 730,000 active USDT wallets on the Tron network, compared to Ethereum’s approximately 79,000 active USDT addresses. This stark contrast highlights the growing preference for Tron in stablecoin transactions. With such high levels of activity, Tron is not just a competitor but a leader in stablecoin transactions and adoption. The network’s efficiency and user-friendly features continue to drive its growth and dominance in the stablecoin market.