TRON's USDT Circulation Surpasses $80 Billion, Dominates Stablecoin Market with 63% Share

TRON DAO has announced that the circulation of USDT on the TRON blockchain has surpassed $80 billion, marking a significant milestone in the stablecoin market. This achievement underscores TRON's role as a leading provider of stablecoin transactions, with USDT holding a 63% market share and a total circulation of $155 billion. Notably, half of this circulation is processed on the TRON blockchain, positioning TRON as a leader in transaction volume and daily user activity for USDT. Since January 2025, TRON has added $20 billion in USDT to its ecosystem, suggesting a strong potential for TRON to become the backbone of the stablecoin market.

The dominance of USDT on the TRON blockchain is evident when compared to other financial platforms. USDT on TRON has more user-disclosed funds than PayPal’s $39.2 billion, highlighting the extensive use of stablecoins in global markets. TRON's ecosystem supports more USDT than any other blockchain, including Ethereum and Solana. The high demand for TRON's liquidity and fast transaction times is further illustrated by recent $1 billion issuances of Tether’s USDT on the TRON ecosystem. This trend is driven by the growing interest in fast settlement times for cross-border transactions, where low fees and quick transactions are crucial. TRON's ability to meet these demands places it in a favorable position to benefit from institutional interest, aligning it with other remittance-focused blockchains.

Justin Sun, co-founder of TRON, attributes the success of TRX to its early focus on openness, user empowerment, and real-world utility. Sun emphasizes that users prefer USDT on TRON because of its reliability and efficiency. Sun's vision is to build tech infrastructure for future entrepreneurs, recognizing stablecoins as a key factor in the global adoption of blockchain technology. Despite ongoing trade tensions, TRON has formed business partnerships with US-based blockchains, such as the Trump-backed project World Liberty Financial, which chose TRON to launch its stablecoin USD1. Additionally, TRON has joined the T3 Financial Crime Unit, which has successfully frozen over $160 million linked to illicit activities. This focus on sound business practices may attract countries concerned about black markets and illegal activities on blockchain systems.

The number of active USDT wallets on TRON stands at 730,000, significantly higher than Ethereum's 79,000. This upward trajectory suggests that TRON has the infrastructure to meet the needs of corporate clients. The repeated rounds of USDT minting on the TRON blockchain indicate confidence in its capabilities. If this trend continues, TRON could become a household name for both retail and institutional clients. However, the ability of TRON to adapt to growing demand and scalability requirements, as well as navigate global regulatory challenges, remains to be seen. Similarly, the future of Ethereum in competing with up-and-coming contenders is uncertain.

Tether, the issuer of USDT, backs up its newly minted tokens with reserve US dollars to ensure investor confidence in the convertibility of USDT to US dollars. Tether has made various investments to support its US dollar and gold stablecoins, enhancing the validity of its cryptocurrencies. The partnership between Tether and TRON is strategic, as Tether validates USDT with reserve dollars, while TRON provides a reliable platform for fast and free transactions. Tether promotes its USDT tokens on reliable blockchains, including TRON and Ethereum, and there is a growing demand for swapping capabilities to facilitate the easy transfer of tokens across various ecosystems with minimal hassle.