TRON now holds $92.17B in stablecoins, including $90.72B in USDT, surpassing Ethereum and representing over half of all issued USDT.
DeFi & Yields ·
TRON has accumulated $92.17B in stablecoins, positioning it as the second-largest network by stablecoin supply and accounting for nearly 30% of the market. The network holds $90.72B in USDT, surpassing Ethereum's $86.89B holdings and making TRON the largest network for that asset. Over half of all issued USDT is now resident on the TRON blockchain.
The concentration reflects the network's role as infrastructure for stablecoin transfers and storage, driven by low transaction fees and throughput capacity. TRON's dominance in USDT custody has grown as users and applications migrate activity to chains offering cost advantages, particularly for high-volume settlement flows.
It remains unclear whether this trend will persist as competing chains upgrade their scaling solutions or if regulatory scrutiny of stablecoin reserves might prompt redistribution. The sustainability of TRON's share also depends on Tether's strategic decisions regarding cross-chain deployment and any shifts in user preference for alternative stablecoins.