The TRON network continues to strengthen its position in the stablecoin market. The amount of USDT on the blockchain has exceeded $94 billion, which means TRON is ahead of Ethereum in terms of the amount of Tether issued on-chain.
The growth rate is especially noticeable. Over about a month, the supply of USDT on TRON increased by roughly $4 billion. This shows that blockchain competition is no longer only about DeFi users or developers; an increasingly important metric is where digital dollars are moved directly.
More than $94 billion USDT in one network
According to figures cited by Crypto Briefing, the USDT supply on TRON has reached approximately $94.27 billion.
For TRON, this is especially important because Tether has long been the main stablecoin in the ecosystem. USDT accounts for about 98.5% of the total stablecoin supply on the network. In fact, today’s TRON stablecoin market is almost entirely built around USDT.
On the one hand, this concentration shows the enormous network effect of Tether. Users, exchanges, payment services, and infrastructure projects are already used to working with TRC-20 USDT. On the other hand, this makes the TRON ecosystem heavily dependent on a single stablecoin.
Why users choose TRON for USDT
The number of tokens issued by itself doesn’t show the whole picture. More important is how actively they are used.
In Q2 2026, about $2.1 trillion in USDT transfers passed through TRON, and the token’s daily trading volume on the network is capable of exceeding $20 billion.
TRON has become especially in demand for stablecoin transfers thanks to a combination of several factors: high availability of USDT on exchanges, relatively fast transfers, a developed TRC-20 infrastructure, and broad international use of the network.
Over the course of several years, this has created a strong network effect: the more services support USDT TRC-20, the easier it is for users to stay within this infrastructure.
More than 76 million addresses hold USDT
The scale of Tether’s presence within TRON is well illustrated by another metric: the number of holders. According to TRONSCAN, USDT is held on more than 76 million TRON addresses.
Of course, one address cannot automatically be treated as one unique person—users or services may control multiple addresses, and some addresses belong to exchanges and other infrastructure. Still, the metric demonstrates the scale of the spread of TRC-20 USDT.
In specific seven-day periods, the total volume of USDT transfers through TRON exceeds $170 billion.
Why overtaking Ethereum matters
Historically, Ethereum remains one of the most important networks for stablecoins and DeFi. However, stablecoin usage is gradually splitting across different scenarios.
Ethereum maintains strong positions in DeFi and institutional infrastructure, while TRON is especially prominent in the segment of simple USDT transfers between users, exchanges, and payment services.
So comparing networks solely by one metric—USDT supply—would be wrong. But exceeding the $94 billion mark shows just how large TRON’s role is in Tether’s infrastructure.
Stablecoins are becoming the main use case for TRON
In recent months, more and more infrastructure focused specifically on the movement of digital dollars has been appearing around TRON.
Payment services, wallets, and cross-chain protocols are connecting to the network. Recently, the volume of stablecoins routed through Allbridge Core with TRON’s involvement reached $1.64 billion. At the same time, USDe and sUSDe from Ethena appeared on TRON, gradually expanding the stablecoin ecosystem beyond a single USDT.
This is an important point. Despite Tether’s absolute dominance today, for the network’s long-term development it’s beneficial for alternative dollar-denominated assets and additional liquidity to emerge.
TRON is turning into infrastructure for the digital dollar
The growth of the USDT supply should be viewed not in isolation, but alongside other changes in the ecosystem.
TRON is developing gasless transfers, Energy infrastructure, cross-chain bridges, and integrations with payment services. All of this is gradually lowering the barrier between a regular user and a blockchain transaction.
And here, the long-term bet on TRON becomes clearer. The network is competing not only for the classic cryptocurrency market—it is trying to become settlement infrastructure for global stablecoin movement.
Conclusion
In my view, $94+ billion USDT is a far more important metric than just another TRON record.
The key point is that these tokens are not just present on the network: huge volumes of transfers run through TRON, and TRC-20 USDT has become one of the common ways to move digital dollars between users and services.
At the same time, there is an obvious risk: about 98.5% of the TRON stablecoin market is accounted for by USDT. Therefore, the further emergence of USDe, USDC, and other assets could make the ecosystem more diversified.
Right now, the trend is clear: TRON is increasingly specializing in stablecoins, while USDT remains the main driver of this growth.