$380M in Transfer Volume Puts Binance in the Lead for USDT on TON

380M-in-Transfer-Volume-Puts-Binance-in-the-Lead-for-USDT-on-TON

One of the key use cases on the TON Network is stablecoin transactions. By analyzing the USDT transfer volume, we can identify the major entities utilizing TON for stablecoin movement.

Looking at the total USDT transfer volume on TON from the start of 2025 until today, Binance has emerged as the dominant exchange, accounting for 34.8% of all USDT transactions, which translates to 381.18M USDT. This highlights Binance’s strong position in the TON stablecoin ecosystem.

Following Binance, the next largest contributors are:
- MEXC – Representing 24.5% of the total volume, equivalent to 269.3M USDT.
- OKX – Holding an 11.3% market share with 124.3M USDT in transfers.
- DeDust – A decentralized exchange, facilitating 10.2% of transactions, or 111.5M USDT.
- Bybit, Bitget, Gate.io & KuCoin – Combined, these exchanges account for 17.2% of the total volume, equating to 188.5M USDT.

This shows that exchanges are using USDT on TON actively in 2025, whereby Binance is taking the lead!