USDT Reigns Supreme on Tron Network

 

• A dominant player has emerged in the stable  coin market on the Tron network. The USDT stable coin has become the de facto standard for most value transfers and trading. Specifically, the most recent analysis by Crypto Quant showed that USDT constitutes 98.5% of the entire stable coin supply on the Tron network, making it the de facto leader.
• As the foundational stable coin for Tron, USDT has a circulating supply of $62.76 billion out of almost $64 billion on the network. According to the results of the on-chain analytics platform, competing stable coins have very small market shares: USDC represents 0.06%, USDD 1.15%, TUSD 0.26%, and USDJ 0.01% of the supply.
• One thing to keep in mind is that other stablecoin supply has been flat since last year march . However, USDT was able to maintain its growth and establish itself as the market leader. In addition to supply, USDT is vital to Tron’s liquidity.
• When the price of TRX is very volatile, its on-chain volume from centralized exchanges might reach $4–$5 billion per day. As a result, USDT is not only the most abundant stablecoin on the network, but it is also an essential building block for all transactions and value transfers on the Tron blockchain.

• In addition, IntoTheBlock data showed that 69% of all USDT activity—more than 14 million transactions per week—occurs on the Tron network. This number is much higher than 61% at the end of January.
• In a recent post on X, Justin Sun, founder of Tron, revealed that Tether’s USDT stable coin would provide commission-free transactions on the Tron network. A more user-friendly way to send and receive USDT is using the Gas Free feature, which eliminates the need to use TRX tokens for gas costs.