TRON (TRX) Overtakes Ethereum to Become the Leading Blockchain for Tether (USDT) with Over $75 Billion in Supply

This move puts TRON ahead of Ethereum, which previously held the top spot. The shift marks a key change in how stablecoins are used across different blockchains.

TRON has officially become the leading blockchain for Tether (USDT) with over $75 billion in supply, overtaking Ethereum in the process. This move marks a key change in how stablecoins are used across different blockchains.

According to Tether’s latest transparency report for May, TRON currently holds $75.7 billion in authorized USDT, compared to Ethereum’s $74.5 billion. In terms of actual circulating supply, TRON leads with $75.2 billion, while Ethereum follows with $71.08 billion. Tether recently minted an additional $1 billion in USDT on TRON to anticipate future demand and improve liquidity.

Paolo Ardoino, CEO of Tether, explained that minting large amounts of USDT in advance helps the company manage swap and transfer needs efficiently. He highlighted TRON’s low transaction fees and stable performance, factors that have helped the network gain traction among stablecoin users.

Other Blockchains Still Lag Behind

While TRON and Ethereum are at the forefront of the stablecoin race, other blockchain networks are still lagging behind with much smaller USDT holdings. TRON recently surpassed Ethereum with $75 billion in circulating USDT, while Ethereum follows with $63 billion. This shift showcases TRON’s rising dominance in the stablecoin ecosystem, fueled by its low fees and high transaction speed.

In contrast, Solana, TON, and Avalanche remain at a distance. Solana currently manages $2.3 billion in USDT, TON holds $898 million, and Avalanche maintains $770 million. These figures clearly indicate a wide gap in adoption and usage. Although these chains are expanding their ecosystems and attracting developers, they haven’t yet reached the same level of integration and utilization for Tether-based transactions as TRON.

Tether remains the largest stablecoin by market cap, valued at $151.6 billion. USDC, issued by Circle, holds $60.6 billion, which represents around 24.6% of the stablecoin market. Tether now controls approximately 61% of the market, showcasing its continued dominance. The growth of TRON’s USDT volume plays a major role in this lead, positioning the network as the preferred option for stablecoin transfer and use.

Justin Sun Highlights TRON’s Growth and Stability

During a recent blockchain conference in Dubai, TRON founder Justin Sun highlighted the growing trust in TRON as a reliable blockchain for moving value. He mentioned that the network has seen incredible growth, especially in stablecoin usage, with TRON handling more than $20 billion to $30 billion in daily settlement volume, mainly from USDT.

Sun stated that TRON has over 300 million user accounts, with the majority engaging in stablecoin transactions on the network due to its speed and low fees. He confirmed that over $70 billion in USDT is currently circulating on TRON, showcasing user confidence and the chain’s capacity to handle large volumes.

He also touched upon TRON’s efforts to maintain trust through its Tron Financial Crimes Unit (T3 FCU), which cooperates with international law enforcement agencies to prevent illegal activity across the blockchain. So far, TRON has frozen and returned $160 million in illicit funds, demonstrating its commitment to user safety and regulatory alignment.

Looking ahead to 2025, Sun shared his outlook, expecting more institutional partnerships and adoption in the U.S. market. He said TRON continues to expand its influence through new exchange integrations and financial collaborations, aiming to secure a stronger position globally.