Tron, USDT issuance exceeds 50%… Surpasses Ethereum and leads the stablecoin market

Global stablecoin USDT (Tether) is circulating more than half on the TRON blockchain, and TRON has once again taken the lead in the market. According to the official Tether website, as of May 15, 2025, the net circulation of USDT on the TRON network is $75.04 billion, accounting for 50.2% of the total USDT issuance. This figure surpasses Ethereum ($71.02 billion), with TRON reclaiming the title of the largest USDT issuance network after six months of competition. TRON founder Justin Sun stated on social media, "Although it's a 0.2% difference, now more than half of all USDT is being issued on TRON. We are just at the beginning. Reaching $100 billion is not a goal, but a predetermined path." This achievement is in line with TRON's rapid growth. Since mid-2023, TRON has been expanding its market share by issuing over $1 billion in USDT monthly. In the first half of 2025 alone, more than $16 billion in USDT was newly issued on TRON. The reasons for TRON's market selection include low fees, fast settlement speeds, and stable network performance. These strengths have been attractive to both global users and institutional investors, driving real-world usage expansion. Notably, in early May, World Liberty Financial, supported by former US President Donald Trump's family, announced the integration of their USD1 stablecoin on the TRON network, further enhancing the TRON-based stablecoin ecosystem's liquidity and user base. TRON currently processes an average of 8 million transfers daily, with daily transaction volumes exceeding $25 billion. In April 2025, TRON-based decentralized exchange (DEX) trading volume surged 40% month-on-month, rising from $3.4 billion to $4.9 billion. Justin Sun emphasized that TRON's success is not just about technological innovation but also regulatory compliance and global collaboration. He highlighted the launch of the 'T3 Financial Crime Unit' with Tether and TRM Labs, which froze over $150 million in illegal assets. At the 'CryptoFi 2025' forum in Hong Kong, he presented a vision of assigning blockchain addresses to AI agents, showcasing the future of AI-blockchain integration. TRON currently has over 306 million accounts worldwide, with cumulative transactions exceeding 10.3 billion. Its overwhelmingly low fees compared to Ethereum's high gas fees are a primary factor attracting users. Market analyst Martoon from CryptoQuant noted, "TRON's increasing USDT issuance reflects user trust and technical superiority, establishing itself as a leading network in the stablecoin sector." Under Justin Sun's leadership, TRON is positioning itself as a key driver in the future of decentralized finance, expanding its influence across the blockchain ecosystem.