TRON (TRX) Surpasses Ethereum (ETH) in USDT Transactions as TRC-20 USDT Circulating Supply Hits $62B

The USDT circulating supply on TRON has grown from $6.7 billion in 2021 to nearly $62 billion in 2025. This increase reflects the rising use of

The circulating supply of USDT on the TRON blockchain has seen a remarkable increase, growing from $6.7 billion in 2021 to nearly $62 billion in 2025. This substantial expansion is driven by the rising utilization of TRC-20 USDT for stablecoin transactions on the TRON network.

According to recent data, the TRC-20 USDT supply has now surpassed that of ERC-20 USDT on the Ethereum blockchain. This shift can be attributed to a rise in transaction volume on TRON, fueled by its lower fees and faster processing times. As a result, more users are opting to use TRON for their stablecoin transfers, contributing to the increasing USDT supply on the network.

Furthermore, data from CryptoQuant highlights TRON's dominance in stablecoin transactions, which have steadily increased over four years. In contrast, Ethereum's transaction activity has declined during the same period.

As TRON continues to facilitate billions in USDT transactions each month, the shift from ERC-20 to TRC-20 USDT is becoming increasingly evident. Notably, Ethereum gas prices remain significantly higher than TRON's transaction costs, leading to a preference for the TRON network for large-volume stablecoin transfers.

In other news, the TRON Builders League, a $10 million initiative, has been introduced by TRON to support developers and projects building on its network. Through this program, the platform aims to expand DeFi on TRON by providing funding for new applications.

The initiative will provide grants for DeFi applications, stablecoin solutions, and blockchain development, aiming to integrate TRC-20 USDT further into financial applications on the TRON blockchain. Additionally, the funding is expected to contribute to new projects joining TRON's growing DeFi ecosystem.

According to DeFiLlama, the total stablecoin market cap on the TRON blockchain has reached $62.56 billion, showcasing a steady rise in stablecoin transactions on the network. Over the past seven days, the market cap has increased by $390.01 million, indicating a 0.63% growth.

Highlighting this growth further is the high level of memecoin activity on TRON, contributing to the increased transaction volumes. These tokens, which are actively traded by large communities, generate significant network traffic. Given TRON's scalability and transaction speed, frequent transfers of these tokens are enabled, making it a preferred platform for high-volume trading.

Within the stablecoin market on TRON, USDT holds a dominant position, accounting for 98.48% of the transactions. This role is crucial in maintaining network liquidity, as many exchanges and financial platforms facilitate TRON-based stablecoin transfers, catering to both retail and institutional users for cross-border transactions.

Finally, the growing reliance on stablecoins within TRON has attracted the attention of regulators worldwide. In response, authorities are increasing their oversight, implementing policies that require stablecoin issuers to maintain transparent reserves and provide regular financial reporting to ensure compliance.