TRON has officially become the leading blockchain for Tether (USDT) with over $75 billion in supply. This move puts TRON ahead of Ethereum, which previously held the top spot. The shift marks a key change in how stablecoins are used across different blockchains.
According to Tether’s latest transparency report, TRON currently holds $75.7 billion in authorized USDT, while Ethereum has $74.5 billion. Looking at the actual circulating supply, TRON leads with $75.2 billion, and Ethereum follows with $71.08 billion. Tether recently minted an additional $1 billion in USDT on TRON to meet future demand and improve liquidity.
Paolo Ardoino, CEO of Tether, explained that minting large amounts of USDT in advance helps the company manage swap and transfer needs efficiently. He also noted that TRON’s low transaction fees and stable performance have helped it gain traction among stablecoin users.
Other Blockchains Still Lag Behind
While TRON and Ethereum lead the stablecoin race, other blockchain networks are still trailing with much smaller USDT holdings. TRON recently overtook Ethereum with $75 billion in circulating USDT, while Ethereum follows with $63 billion. This shift highlights TRON’s rising dominance in the stablecoin ecosystem, driven by its low fees and high transaction speed.
In contrast, Solana, Avalanche, and TON remain far behind. Solana holds $2.3 billion in USDT, TON stands at $898 million, and Avalanche manages $770 million. These figures underline a wide gap in adoption and usage. Although these chains are expanding their ecosystems, they haven’t yet matched TRON’s scale in supporting Tether-based transactions.
Tether remains the largest stablecoin by market cap, valued at $151.6 billion. USDC, issued byCircle, holds $60.6 billion, which represents around 24.6% of the stablecoin market. Tether now controls approximately 61% of the market, showing its continued dominance. The growth of TRON’s USDT volume plays a major role in this lead, positioning the network as the preferred option for stablecoin transfer
Justin Sun Highlights TRON’s Growth and Stability
During a recent blockchain conference in Dubai, TRON founder Justin Sun emphasized the growing trust in TRON as a reliable blockchain for moving value. He noted that the network has seen rapid growth, especially in stablecoin usage. TRON now processes more than $20 billion to $30 billion in daily settlement volume, most of which comes from USDT transfers.
Sun revealed that TRON has over 300 million user accounts, with the majority relying on the network for fast and low-fee stablecoin transactions. He confirmed that over $70 billion in USDT is currently circulating on TRON, demonstrating user confidence and the chain’s capacity to handle large volumes.
He also pointed to TRON’s efforts to maintain trust through its Tron Financial Crimes Unit (T3 FCU). This unit cooperates with international law enforcement agencies to prevent illegal activity across the blockchain. So far, TRON has frozen and returned $160 million in illicit funds, reinforcing its commitment to user safety and regulatory alignment.
Looking ahead, Sun shared his outlook for 2025. He expects more institutional partnerships and adoption in the U.S. market. He said TRON continues to expand its influence through new exchange integrations and financial collaborations, aiming to secure a stronger position globally.
TRON (TRX) Forms Bullish Pennant, Eyes 13% Breakout Toward $0.307
As of May 20, 2025, the 4-hour TRXUSD chart on Binance shows that TRON has formed a bullish pennant pattern. This structure appears after a strong upward move, followed by a period of consolidation within converging trendlines. A bullish pennant often signals the continuation of an uptrend once the price breaks above the upper trendline.
If confirmed, the breakout could push TRX 13% higher from the current price of $0.2709 to a target near $0.3072. This projection is based on the height of the previous flagpole, which the chart mirrors with the projected move.
The price is currently above the 50-period Exponential Moving Average (EMA), which sits at $0.2678, acting as dynamic support. Volume is holding steady at 1.3 million, and an increase could help validate the breakout. Meanwhile, the Relative Strength Index (RSI) stands at 54.36, indicating mild bullish momentum but still below the overbought threshold of 70.
If TRX breaks out above the pennant with strong volume, the pattern would confirm, opening the way toward the $0.307 mark. A failure to break resistance, however, could keep the price within the narrowing range.
