tron Surpasses 50% of USDT Token Supply
Tron (TRX) has taken a significant lead in stablecoin adoption. as of may 16, more than half of all USDT tokens are now hosted on the Tron blockchain. This means Tron holds more USDT than Ethereum and other chains combined.
TronScan data shows the total USDT supply on Tron exceeds $75.7 billion. With a total market cap of about $151 billion, Tron has just crossed the 50% mark. This achievement comes after a surge in Tron’s blockchain activity, with over 60 million transactions in the past week. This places Tron as the third most active network, behind Solana and Base.
Tron’s USDT dominance is part of a trend that started earlier this year. In late 2024, falling asset prices led many investors on other chains to convert their crypto into stablecoins, boosting USDT supply there. However, as crypto prices recovered, users on other chains converted USDT back into Bitcoin and altcoins. Tron’s role in stablecoin transfers helped it regain its position.
Tron’s success is also linked to its lower transaction fees compared to Ethereum and its strong network effects. Additionally, Tron has a close relationship with Tether, the USDT issuer. In January, Tether coordinated a $1 billion USDT migration to Tron, further solidifying its position.
