joaowedson2025-02-27

USDT Dominates 98.5% of Stablecoins on the TRON Network

Currently, USDT accounts for 98.5% of the total stablecoins on the TRON network, establishing itself as the primary stablecoin on the blockchain. In contrast, other stablecoins hold a marginal share: USDC: 0.06% USDD: 1.15% TUSD: 0.26% USDJ: 0.01% USDT on TRON has a circulating supply of $62.76 billion, while the total supply of all stablecoins on the network is close to $64 billion. Stablecoin Supply: Stability Outside USDT When excluding USDT from the analysis, it becomes clear that the supply of other stablecoins has remained virtually unchanged since March 2024, with only minor occasional reductions. Meanwhile, USDT's supply continues to grow, reinforcing its absolute dominance on the network. On-Chain Volume and Impact on TRX The daily on-chain volume of USDT from centralized exchanges ranges between $4 billion and $5 billion, and this value tends to increase during periods of high TRX price volatility. This suggests that USDT on TRON not only dominates the stablecoin supply but also plays a crucial role in the network's liquidity, serving as the foundation for trading and value transfers.