TRON has overtaken Ethereum in USDT stablecoin supply, marking a significant shift in the stablecoin ecosystem. As of May 2025, TRON’s USDT supply on the TRC20 protocol reached $75.7 billion, surpassing Ethereum’s ERC20 USDT supply. This constitutes over 50% of the total USDT global circulation of more than $151 billion, underscoring TRON’s growing dominance.
TRON supports more than 8.3 million daily transactions and has over 306 million user accounts, processing approximately $20 billion in USDT transfers every day. This dominance is reflected in TRON accounting for nearly 29% of all stablecoin transaction volume globally and hosting over one million unique daily USDT transacting accounts.
Justin Sun, TRON’s founder, highlights the platform’s focus on delivering fast, low-cost, and reliable infrastructure, which has made TRON the preferred choice for USDT transactions internationally. The growth is fueled by adoption across retail to institutional-level financial use cases.
TRON’s ecosystem also emphasizes security and regulatory compliance, participating in initiatives like the T3 Financial Crime Unit, which has collaborated with law enforcement to freeze illicit funds exceeding $160 million.
This competitive shift follows historical oscillations between TRON and Ethereum in leading USDT supply, indicating an evolving landscape influenced by cost-efficiency and network scalability.
