In a remarkable breakthrough for the stablecoin space, Tron (TRX) has legally surpassed Ethereum (ETH) in USDT supply to cover more than $75 billion in Tether supply. As per reports, this achievement makes Tron the most substantial blockchain for handling USDT transactions, beating Ethereum by over $20 billion.
This move represents a significant milestone in the battle among blockchain ecosystems, especially where stablecoin utilization and adoption are concerned. The statistics indicate shifting consumer and platform preferences that rely on low-cost and high-speed transactions, particularly in emerging markets.
USDT Supply Split: Tron vs Ethereum
As per data authenticated by Tether’s transparency page, the supply of USDT on Tron has risen to $75.37 billion, while Ethereum supports around $54.76 billion. This positions Tron almost 38 percent clear of Ethereum in the circulating supply of USDT.
This leadership is despite Ethereum’s ongoing dominance in DeFi (Decentralized Finance) activity. Tron’s attraction is due to lower gas charges, speedier transfers, and increasing interoperability with exchanges and fintech platforms.
Blockchain explorer Tronscan also indicates daily USDT transfers on the Tron network of over 9 million, versus Ethereum’s mean of 1.2 million, which indicates greater utility and adoption.
Drivers of Tron’s Stablecoin Growth
Several drivers account for Tron’s rapid growth:
- Low fees: Tron’s mean transaction fee is nearly zero, versus Ethereum’s variable and typically high gas costs.
- Emerging market adoption: Tron is used by platforms in markets such as Latin America, Africa, and Southeast Asia because of its speed and cost.
- Support by exchanges: The big centralized exchanges (CEXs) like Binance, OKX, and KuCoin support TRC-20 USDT for deposits and withdrawals extensively due to cost-effectiveness.
- Payment app integration: The Tron network has also been used by crypto payment platforms extensively, boosting its transactional volume.
According to DefiLlama, while Ethereum still leads in total value locked (TVL), Tron’s TVL has grown 18 percent year-over-year, indicating growing traction beyond stablecoins.
Tron’s usurpation of Ethereum in the supply of USDT reflects user action based on available data and especially when it comes to high-transaction-use cases such as payments, remittances, and trading. Ethereum still dominates smart contracts and DeFi, but Tron’s platform is better equipped for high-volume and low-cost stablecoin transactions.
As Tether remains the most traded stablecoin in the market and Tron dominates in USDT issuance, this trend has the potential to shape the way blockchain developers, exchanges, and payment providers design integrations in the future.
Also read: Tether Strengthens Bitcoin Holdings with $459 Million Acquisition for Twenty One Capital
