The TRON blockchain has emerged as the leading platform for Tether (USDT) transactions, outpacing Ethereum in key metrics. According to recent data from CryptoQuant, TRON now accounts for over 93% of all USDT transactions and 70% of transfer volume.
CryptoQuant’s analysis reveals TRON’s dramatic rise in the stablecoin ecosystem since 2019. The network now hosts 53.47% of total USDT issuance, solidifying its position as a crucial infrastructure for the world’s largest stablecoin by market capitalization.
TRON now handles more USDT transactions than Ethereum. Ethereum was the main network for stablecoins before. TRON has faster transactions and lower fees. This makes TRON more appealing to both individual and institutional users.
A close look at transaction patterns shows that 70% of USDT transfers on TRON are under $1,000. This shows that many everyday users use this network. The network is also seeing more large transactions. More transactions now exceed $10,000. This is a sign of growing interest from institutions.
TRON network hits $60B USDT milestone
TRON’s founder, H.E. Justin Sun, recently announced a big achievement. The network has issued more than $60 billion in USDT. This shows TRON is a leading blockchain for large stablecoins.
The use of USDT shows wider trends in the stablecoin market. Both people and businesses want faster, cheaper options instead of traditional finance. As cryptocurrency keeps growing, the network is becoming a key part of stablecoin systems. It could greatly impact the future of digital payments and decentralized finance.
This development comes at a time when stablecoins are facing increased scrutiny from regulators worldwide. The concentration of USDT activity on a single network may raise questions about systemic risks and the need for diversification in the stablecoin ecosystem.
