Blockchain Tron has officially surpassed Ethereum to become the largest network for providing USDT, marking a significant change in the stablecoin ecosystem.
Although Ethereum remains popular for DeFi applications and organizational levels, Tron is dominating the retail payment and large-volume transfer market.
Tron Overtakes Ethereum as Top USDT Network
According to data from CryptoQuant, Tron's total USDT circulation has reached $75.8 billion. It has surpassed Ethereum in a context where Tron is widely accepted for payments and money transfers.
"In fact, TRON has seen strong growth in USDT supply in 2025 (+27% or ~$16 billion), surpassing Ethereum. According to the latest data, USDT supply on TRON is larger than Ethereum's, totaling $75.8 billion," CryptoQuant noted.
USDT supply on Tron compared to Ethereum. Source: CryptoQuantThis milestone confirms Tron blockchain's rise to the top position in stablecoin payment layers. According to CryptoQuant analysts, low transaction costs, high throughput, and widespread use in payment platforms targeting small retail investors have driven this transformation.
As of now, in 2025, Tron has processed over 283 million USDT transactions. This figure, equivalent to approximately $16 billion, reflects a 27% growth in USDT supply this year alone.
Number of USDT transfers on Tron. Source: CryptoQuantThe daily USDT transfer volume on Tron has reached a record $23.7 billion. This is significantly higher than Ethereum's average of $10.5 billion, a 37% decrease from its peak at the end of 2024.
Daily USDT value transferred on Tron compared to Ethereum. Source: CryptoQuantThe daily number of USDT transactions on Tron also far exceeds Ethereum. While Tron has processed 2.4 million daily transactions, Ethereum only processed 284,000.
Daily USDT transactions on Tron compared to Ethereum. Source: CryptoQuantThis data confirms that Tron has become the primary blockchain for Tether's USDT. This is especially true in regions and use cases where cost-effectiveness and fast confirmation times are crucial.
Tron Becomes the Backbone of Global Stablecoin Payments
Tron's dominance reflects a broader shift in the stablecoin economy. Once considered Ethereum's domain, USDT is thriving on Tron, where retail payments, money transfers, and decentralized exchange (DEX) activities have become the primary growth drivers.
BeInCrypto recently reported that Tron set a new USDT record early in 2025 as it approached Ethereum's leading position. That leading position has now officially been overturned, signaling a change in how and where stablecoins are used globally.
The second most used token on Tron is Wrapped TRX (WTRX), with over 2.5 million transactions, indicating strong DEX activity. Meanwhile, PayNet Coin (1.3 million transactions) and USDD (427,000 transactions) reflect the growing demand for retail trade and stable-value assets in the TRON ecosystem.
In addition to Tron's notable news, founder Justin Sun announced that he will attend the Trump Presidential Dinner on Thursday.
"Honored to support the President and grateful for the invitation from TrumpMeme... Excited to talk crypto and discuss the future of our industry." Sun shared on X.
Justin Sun introduces himself as the top holder of the TRUMP token. This aligns with BeInCrypto's recent report, which indicates that Sun's HTX Cold Storage leads the TRUMP ranking.
Sun leads the TRUMP holder list. Source: gettrumpmemes.comJustin Sun's statements reflect TRON's increasing political engagement and cultural presence as crypto increasingly intersects with US politics.
Tron's development as the largest platform for USDT issuance and transfer marks a new chapter in stablecoin utility. While Ethereum's role in DeFi remains important, the focus of stablecoin payments has clearly shifted.
With record transaction volumes, surging USDT supply, and political presence, Tron is now the global backbone for Tether-based payments. This may indicate a long-term change in blockchain adoption trends.
