TRON’s Rapid Expansion in the USDT Market

TRONs-Rapid-Expansion-in-the-USDT-Market

In recent months, TRON has witnessed a remarkable surge in its share of the total USDT supply. According to CryptoQuant data, TRON’s portion rose sharply from around 46% in September to over 60% in November 2025 — a 14‑percentage‑point gain within just one quarter. This reflects a significant migration of liquidity from Ethereum to TRON, reshaping the stablecoin landscape.

The primary drivers behind this trend are low transaction fees and high network speed, making TRON an attractive choice for cross‑border transfers, centralized exchanges, and over‑the‑counter desks, especially across Asia. Meanwhile, Ethereum has struggled with congestion and elevated gas costs, prompting users to convert USDT holdings from ERC20 to TRC20.

This shift solidifies TRON’s position as the dominant network for USDT circulation, with growing influence over global stablecoin liquidity. If current momentum continues, TRON could surpass a 70% market share by early 2026, further cementing its lead in the global stablecoin infrastructure.