TRON (TRX) price targets $0.25 as USDT supply on its blockchain surpasses $70 billion

TRON DAO announced on Wednesday that the circulating supply of Teeter (USDT) on its blockchain has exceeded $70 billion

TRON DAO revealed on Wednesday that Tether (USDT) circulating supply on its blockchain has exceeded $70 billion. This milestone is a testament to TRON’s leadership in stablecoin settlements as it cements its role as a leading platform for scalable, low-cost digital payments globally.

The surge in USDT on TRON indicates growing institutional and retail appetite for stable, low-cost trades, especially in areas with unstable local currencies and a shortage of conventional financial services. TRON’s efficiency is repeatedly drawing users seeking reliable alternatives to outdated systems in an expanding world digital economy.

TRON Hits 302 Million Accounts, 10 Billion Transactions

According to Lookonchain, Tether has minted $11 billion USDT on the TRON network as of January 29, bringing its cumulative total over $70 billion. TRX has over 302 million accounts, 10 billion in total transactions, and $20 billion worth of total value locked (TVL) by April 25.

The network sees an average of $19 billion worth of daily USDT transfers, showcasing its capability in handling large-scale trades. Binance is seeing $1.2 billion worth of 24-hour volume on its USDT/TRX pair, a spike from last week’s $800 million average. This surge in activity showcases increased confidence and demand for TRX’s liquidity and stability.

Decentralized exchanges reflected this momentum, with JustSwap’s USDT/TRX pool seeing a 15% rise in TVL—from $500 million to $575 million—between April 23 and April 24. This expansion highlights how a higher USDT supply deepens the market, enabling smoother trading experiences. The increase also helped stabilize TRX, which held steady at $0.075 during a volatile week.

Struggles Below $0.25 Amid Bullish Sentiment

Trade volume on the TRON market returning to normal levels is observed by the current $0.2431 price, which was accompanied by a “bullish” reaction. The price action of the coin is currently above the moving average plaques, confirming the possibility of a “golden cross” as the 50-day SMA is about to cut the 200 day SMA. Technical indicators such as higher lows, a tightening range, and a positive Bull-Bear Power reading indicate brewing momentum for a breakout above $0.25.

Price behavior indicates bullish strength, marked by higher lows and tight ranges between $0.2370 and $0.2500. The current buying interest is evidenced by the positive Bull-Bear Power as it hits 0.0021. An upside move from the $0.25 breakout level can drive TRX towards $0.26, where the high of April is, while the downside support level will be $0.2370 and $0.2271 if the market fades.

This article was originally published on Benzinga