In the third quarter of 2026, the TRON network surpassed Ethereum in average USDT supply, a shift that has drawn attention to the stablecoin infrastructure race. This comes as $ETH continues to defend its position in a broad sector facing growing competition.

TRON recorded $2.18 trillion in stablecoin transfer volume during the quarter, with 17.81 million monthly active addresses. These figures point to high usage and growing demand for networks that can transfer value at lower cost and greater speed.

Meanwhile, the total stablecoin supply reached $92.25 billion, putting the market to the test in terms of whether networks can absorb these flows and serve users efficiently. As this market expands, liquidity and ease of access become increasingly important.

Tron surpassing Ethereum in average USDT supply does not necessarily mean the race has been decided in favor of one network, but it does reflect a shift in the preferences of part of the market. Users are looking for infrastructure that is more affordable and flexible, while Ethereum remains a major hub for assets and institutional activity.

The most important question is whether these figures are sustainable into the next quarter, especially as usage costs change and competition among networks intensifies. The numbers alone are not enough to determine the trend, but they clearly signal that the stablecoin landscape is changing rapidly.

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