- TRON is holding $73.7 billion worth of USDT, just shy of Ethereum’s holding of $74.5 billion, reflecting a significant change in stablecoin usage patterns.
- TRON’s low-cost network and high Ethereum gas charges pushed users and institutions toward TRON for OTC transactions and stablecoin deals.
- TRON’s TRC20 standard is supported by Binance, OKX, and Bybit, promoting rapid network expansion and greater acceptance within international crypto markets.
The stablecoin landscape is shifting as TRON continues to gain on Ethereum in total USDT supply. Recent figures show the gap has nearly closed.
USDT Supply Distribution Nears Parity Between TRON and Ethereum
USDT supply distribution between Ethereum and TRON is now almost evenly split. Ethereum holds 50.26%, while TRON stands at 49.73%. Just a few years ago, Ethereum led by a wide margin. Back in 2019, it dominated the USDT market.
The rapid shift began around 2021 and has accelerated since then. TRON’s lower transaction fees and ease of use have supported this growth. Today, Ethereum manages $74.5 billion in USDT, with TRON closely following at $73.7 billion. The competition is now tighter than ever.
This change in supply balance reflects more than just numbers. It reveals user preferences shifting toward faster and more cost-efficient blockchain networks.
Why TRON Gained Ground on Ethereum
Several factors have contributed to TRON’s rise in stablecoin transactions. Ethereum’s high gas fees have driven users and platforms to explore alternatives. TRON’s low-cost structure has become appealing for day-to-day transactions and institutional use.
Major exchanges like Binance, OKX, and Bybit have also promoted the TRC20 standard, boosting adoption. These platforms facilitate large volumes of USDT trades and have integrated TRON as a key option.
Additionally, TRON has emerged as the preferred network for over-the-counter (OTC) deals and usage in Asian markets. These regional and institutional behaviors have supported TRON’s growth and utility.
The Ongoing Battle Between Ethereum and TRON
The competition between Ethereum and TRON is ongoing. Both networks now operate as stablecoin transaction leaders. TRON is no longer seen as a secondary choice but a co-leader in USDT settlement.
Future advancements on the Ethereum platform, including scaling solutions designed to reduce gas costs, may impact market dynamics. If demand for stablecoins increases, demand for cheap, quick networks will continue to grow. Again, balance will depend on what both blockchains do.
