21h ago

TRON’s circulating USDT supply reaches $94.27 billion, surpassing Ethereum

AI Market Summary

TRON has become the largest settlement network for USDT, with circulating supply reaching $94.27B and ~51% of global USDT now on-chain, underscoring strong stablecoin-driven usage and liquidity. High transfer throughput and low fees reinforce TRON's role in payments and remittances. A recent Chainflip exploit tied to TRON memo handling highlights operational and security risks that could attract scrutiny as scale increases.

Impact level

● Medium

Affected assets

TRX/USDT-0.26%

AI Insight · TRX/USDTAI Insight

▲ Bullish

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Tether (USDT) circulating supply on TRON has reached $94.27 billion, overtaking Ethereum and making TRON the largest blockchain holder of USDT. Over the past month, USDT supply on TRON rose by about $4 billion. By the end of Q2/2026, TRON held $87.9 billion USDT versus $78.7 billion on Ethereum. USDT accounts for 98.5% of stablecoins on TRON, and about 51% of global USDT supply is on the network.

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