Tron Sets Staggering USDT Milestone, Narrowing Gap with Ethereum's Dominance in Cryptocurrency Market
In the realm of digital currencies, the TRON network is giving Ethereum a run for its money - quite literally! With USDT (Tether) circulation on TRON reaching a staggering new high, TRON is making waves in the stablecoin payment sector.
This isn't just lip service; the network boasts over 2.66 million long-term holders, a testament to retail investors' faith in this blockchaincontender.
Is the USDT Tide Turning Towards TRON?
CryptoQuant's data reveals a steady growth in the USDT supply on TRON over the years. Currently, over $71 billion USDT circulates on TRON, nipping at Ethereum's heels with a deficit of merely $1.4 billion [2][4]. This competitive edge could well see TRON overtake Ethereum if current trends continue unabated.
"This milestone solidifies TRON's status as a major contender in the DeFi space, and it may overthrow some prominent competitors in the future," Darkfost opined [3].
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It's not just about size; TRON boasts a 28% share of all active stablecoin wallet addresses, making it the top chain in terms of fee revenue [4]. Moreover, experts predict that the stablecoin market will draw considerable venture capital in the future, potentially attracting new issuers to TRON. A surge in issuers could favor a blockchain capable of managing $150 billion in weekly stablecoin transaction volume.
TRON's Loyal Long-Term Followers
CryptoQuant reports that 2.66 million addresses have held their TRX for over a year without making a peep. These wallets have stashed away at least 10 TRX, despite their modest worth. Long-term holding is a usually a sign of users' commitment and confidence in the network, potentially bolstering the price of TRX in the long run.
However, some investors argue that TRON's health hinges too heavily on USDT transactions. While 3 million wallets are active daily, most are USDT enthusiasts. Any changes in the TRON-Tether relationship could have a sizable impact on the network and the price of TRX [5].
The catch? TRON's impact extends only as far as USDT reaches. Compared to Solana's meme coin deployment or other chains' DEX trading volume, TRON lags behind significantly. As for the real-world asset (RWA) market share, TRON seems to be missing in action[5].
As of writing, TRX is trading around $0.25, with little movement after a dip from $0.45 late last year.
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Enrichment Data:
The possibility of the USDT supply on TRON surpassing Ethereum's USDT supply is increasing. Recent developments have brought TRON very close to Ethereum in terms of USDT circulation. As of early May 2025, the total USDT supply on TRON reached a record $71.4 billion, while Ethereum hosted around $72.8 billion, creating a gap of only $1.4 billion [2][4]. This gap has narrowed significantly due to major minting activities on TRON, such as the recent addition of $1 billion worth of USDT [2][4].
TRON previously held the top spot for USDT circulation from mid-2022 until late 2024, indicating it has the capacity to surpass Ethereum under the right conditions [2]. If current trends persist, with TRON continuing to gain ground through increased minting and user adoption, it is plausible that TRON could once again become the leading network for USDT [3].
However, the situation remains dynamic, and several factors, including market trends and future minting activities, will influence the outcome. As the stablecoin market continues to evolve, any significant shifts in user preference or major ecosystem developments could impact TRON's ability to surpass Ethereum [2][3].
- The TRON network is challenging Ethereum in the digital currency market, with USDT circulation on TRON reaching record highs.
- With over $71 billion USDT circulating on TRON, it's only a deficit of $1.4 billion away from surpassing Ethereum.
- This growing USDT presence on TRON solidifies its status as a major contender in the decentralized finance (DeFi) space.
- TRON's 28% share of all active stablecoin wallet addresses makes it the top chain in terms of fee revenue.
- Experts predict that the stablecoin market will attract significant venture capital, potentially drawing new issuers to TRON.
- Long-term holders, numbering 2.66 million addresses, have showed faith in TRON by holding onto their TRX for over a year, despite its modest worth.
- However, the network's health might be overly dependent on USDT transactions, and changes in the TRON-Tether relationship could significantly impact the network and TRX price.
- Despite active daily wallets numbering 3 million, TRON lags behind other chains in meme coin deployment and DEX trading volume.
- In terms of real-world asset (RWA) market share, TRON seems to be missing in action compared to other chains.
- As of writing, TRX is trading around $0.25, with little movement after a dip from $0.45 late last year.
- TRON's dominance in the stablecoin sector, particularly USDT, could change the landscape of finance and investing with the rise of technology like DeFi, web3, and DAOs.
