TRON benefits the most popular stablecoin and currently has more than 50% of all USDT tokens.
TRON (TRX) is once again leading the adoption of Stablecoin. As of Friday, May 16, more than 50% of all USDT tokens, the largest stable USDT tokens, have been hosted in the TRON block chain. This means that traders now have more USDTs in TRON than Ethereum (ETH) and all other chains.
According to TRONSCAN, the total supply of USDT in TRON is now over $ 750 billion. USDT’s total market cap is about $ 151 billion, crossing a 50% threshold.
This milestone has surged last week, with more than 60 million transactions, and the activity of TRON block chains has soared. This figure ranked third with TRON with the most active network, and Solana was 433 million transactions and was based on 67 million.
TRON’s USDT dominance is faced with a challenge.
TRON’s USDT dominant growth continues to start the trend earlier this year due to a sharp decline in late 2024. At the time, due to the drop in asset prices, many investors have increased the USDT supply of the network by converting encryption holdings to Stablecoin.
In contrast, TRON is more closely related to Stablecoin payment (especially USDT) compared to Ethereum and powerful network effects. As the encryption price recovered, other chain users turned to USDT back to Bitcoin and Altcoins, while the role of TRON in Stablecoin transmission helped to restore dominance.
TRON also maintains an active relationship with the USDT issuer tether. For example, in January, TETHER adjusted a $ 1 billion USDT migration in TRON. All of the tethers and the unnamed encryption exchange were all moved to the TRON network, which was fixed in a cold wallet.