Tron overtakes Ethereum as a leading network for USDT liquidity

The leading stable coin from Tether, USDT, is currently going through a comprehensive migration-this time in favor of the tron ​​blockchain.

In 2025 alone, over $ 16 billion on new USDT on Tron, which increased the overall offer in the network to over $ 75.7 billion and Ethereum took over its longstanding dominance for the first time.

Sea Data Tronscan, Lookonchain and the findings of the analyst Maartunn Tron are now handling more than half of the circulating USDT offer of $ 151 billion. This marks a significant shift in the distribution of stable coin liquidity across blockchains, with Tron developing into a leading network for USDT transactions and storage.

This step is followed by an increase in activities in the TRON network, which recently recorded over 60 million transactions in a single week and was only exceeded by Solana and Base. The increase in use follows a slowdown in 2024, as the falling wealth prices temporarily redirected the USDT flows to other chains. Since then, Tron has established itself as an important player in the StableCoin ecosystem.

Part of the strategy lies in Tether's inventory model. As CEO Paolo Ardoino explained, many newly created tokens are kept as a reserve for chain swaps or future emissions. This enables Tether to react quickly to network -specific demand, which apparently accelerates on Tron.

Since Ethereum loses the ground, the current trend towards a stable coat landscape indicates that is increasingly multi-chin, but is now-at least for USt-led by Tron.