Tron (TRX) Maintains Strong Position in Stablecoin Market Despite Ethereum’s Dominance
While Ethereum recently demonstrated unprecedented scalability with Paxos's $300 trillion PYUSD mint-and-burn operation, Tron (TRX) continues to solidify its position as the second-largest stablecoin platform globally. The recent Ethereum spectacle, which briefly created a stablecoin amount exceeding global debt during a one-hour window, showcased blockchain's potential for massive settlement operations. However, market data reveals Tron maintains a robust $78 billion in stablecoin supply - representing exactly half of Ethereum's $161 billion dominance. This significant market share demonstrates Tron's enduring relevance in the cryptocurrency ecosystem, particularly in the stablecoin sector where it commands approximately 33% of the combined Ethereum-Tron stablecoin market. The parallel growth of both platforms indicates a healthy, competitive landscape in the blockchain space, with Tron establishing itself as a formidable alternative for stablecoin transactions and settlements. As the cryptocurrency market continues to evolve, Tron's consistent performance in maintaining substantial stablecoin volume suggests strong underlying technology and user adoption that positions it well for future growth opportunities in the digital finance sector.
Paxos Mints and Burns $300 Trillion PYUSD Stablecoin in Historic Ethereum Move
Paxos Trust Company executed a staggering $300 trillion mint-and-burn of PayPal's PYUSD stablecoin on Ethereum, briefly creating a sum exceeding global debt. The one-hour spectacle demonstrated Ethereum's capacity for large-scale settlements while highlighting PYUSD's dollar-backed stability.
Ethereum continues to dominate stablecoin activity with $161 billion in supply—double Tron's $78 billion and tenfold Solana's $15.5 billion. Institutional interest grows as BlackRock's CEO predicts exponential crypto market expansion, coinciding with the U.S. GENIUS Act's passage.
Tron TRX Price Holds $0.32 Support, Bulls Target $0.35 Next
Tron price has rebounded from a volatile September and October, gaining 1.12% in the past 24 hours to $0.322. This uptick contrasts with a 5.07% weekly decline and a 6.93% monthly loss, suggesting a potential technical recovery. Key drivers include an oversold RSI and positive Futures CVD data.
The SRM merger, which grants TRON a Nasdaq listing and institutional attention, has further boosted confidence. Tron's dominance as the leading stablecoin settlement chain—hosting over $80 billion USDT and facilitating $15.6 trillion in transfers last quarter—underscores its market position.
At $0.3217, TRX's liquidity remains strong in the $0.31–$0.32 range, a demand zone since August 2025. The RSI at 39.16 signals waning selling pressure, while derivatives traders are accumulating positions.
Best Crypto to Buy During the Dip: Bitcoin Hyper, Tron, Solana
Crypto markets remain under pressure following last week's flash crash, with Bitcoin down 8.9% and XRP leading losses at 14.4%. The sell-off stems from mass liquidations and US-China trade war anxieties, yet macroeconomic signals suggest an impending rebound.
Russell 2000's record highs and Jerome Powell's dovish stance contrast with crypto's current weakness. Upcoming altcoin ETF decisions and corporate treasury demand create a compelling buy-the-dip opportunity, particularly in infrastructure-focused assets like bitcoin Hyper.
