Tron Leads USDT Supply Growth, Taking Over Ethereum’s Stablecoin Position

Tron blockchain has officially overtaken Ethereum as the largest network for USDT supply, marking a significant shift in the stablecoin ecosystem.

While Ethereum remains popular for DeFi and institutional-grade applications, Tron is capturing the retail payments and high-volume transfer market.

Tron Overtakes Ethereum as Top USDT Network

According to data from CryptoQuant, Tron’s total circulating USDT has reached $75.8 billion. It has outpaced Ethereum amid soaring adoption of Tron for payments and remittances.

“Indeed, TRON has seen a sharp acceleration in USDT supply growth in 2025 (+27% or ~$16 billion), surpassing Ethereum. As of the latest data, USDT supply on TRON is larger than Ethereum’s, totaling $75.8 billion,” CryptoQuant noted.

USDT supply on Tron vs. on Ethereum. Source: CryptoQuant

This milestone cements Tron blockchain’s ascension to the helm of stablecoin settlement layers. According to CryptoQuant analysts, its low transaction costs, high throughput, and widespread use in retail-facing payment platforms drive this transformation.

So far, in 2025, Tron has processed over 283 million USDT transfers. This range, equivalent to roughly $16 billion, reflects a 27% growth in USDT supply this year alone.

Number of USDT transfers on Tron. Source: CryptoQuant

The daily USDT transfer volume on Tron has reached a record $23.7 billion. This is more than Ethereum’s average of $10.5 billion, down 37% from its peak in late 2024.

USDT daily value transferred on Tron vs. on Ethereum. Source: CryptoQuant

The number of daily USDT transactions on Tron also dwarfs Ethereum. While Tron has processed 2.4 million daily transactions, Ethereum has processed only 284,000.

USDT daily transactions on Tron vs. Ethereum. Source: CryptoQuant

This data confirms that Tron has become the primary transactional blockchain for Tether’s USDT. This is especially true in regions and use cases where cost-efficiency and fast confirmation times are critical.

Tron Becomes the Backbone of Global Stablecoin Payments

Tron’s dominance reflects a broader transformation in the stablecoin economy. Once considered Ethereum-native, USDT thrives on Tron, where retail payments, remittances, and decentralized exchange (DEX) activity have become major growth drivers.

BeInCrypto recently reported that Tron set a new USDT record in early 2025 as it closed in on Ethereum’s lead. That lead has now officially flipped, signaling a shift in where and how stablecoins are used globally.

The second-most-used token on Tron is Wrapped TRX (WTRX), with over 2.5 million transfers, indicating strong DEX activity. Meanwhile, PayNet Coin (1.3 million transfers) and USDD (427,000 transfers) reflect growing demand for retail commerce and stable value assets within the TRON ecosystem.

Adding to Tron’s headline-grabbing fundamentals, founder Justin Sun announced that he will attend President Trump’s Gala Dinner on Thursday.

“Honored to support POTUS and grateful for the invitation from TrumpMeme… Excited to talk crypto and discuss the future of our industry.” Sun shared on X.

Justin Sun presented himself as the top holder of the TRUMP token. This aligns with a recent BeInCrypto report, which indicated that Sun’s HTX cold storage wallet ranks first on the TRUMP leaderboard.

Sun Leads the List of TRUMP Holders. Source:  gettrumpmemes.com

Justin Sun’s remarks reflect TRON’s growing political engagement and cultural presence, as crypto progressively intersects with US politics.

Tron’s rise as the largest platform for USDT issuance and transfers marks a new chapter in stablecoin utility. While Ethereum’s role in DeFi remains crucial, the center of gravity for stablecoin payments has decisively shifted.

With record transaction volume, surging USDT supply, and political visibility, Tron is now the global backbone for Tether-based payments. This may indicate a lasting change in blockchain adoption trends.