TRON’s stablecoin supply has reached an all-time high as $71.9 billion now circulates on the network, marked by large USDT mints.
Despite this milestone and robust on-chain activity—including a 40% rise in DEX volume and total value locked surpassing $5 billion—TRX price remains subdued below the $0.25 resistance after a recent 6.2% decline. Indicators show mixed signals, with bearish moving averages but some underlying buying strength.
The ecosystem also saw the introduction of a new USD1 stablecoin backed by U.S. Treasuries, growing institutional participation through entities like World Liberty Financial, and the approval of P2P.org as a TRON Super Representative. Notably, Canary Capital filed for a spot TRX ETF with staking in April, reflecting rising interest from traditional finance.
Meanwhile, TRX is trading near $0.243, with technicals showing indecision and possible moves toward $0.235 if support fails. A decisive break above $0.25 could trigger new momentum. Founder Justin Sun remains optimistic about a possible new all-time high for TRX, citing growing market maturity and its increasing correlation with Bitcoin.
