Tron (TRX) Dominates Stablecoin Market as Tether on TRON Surpasses $75 Billion
Tether’s USDT supply on the TRON blockchain has surpassed $75 billion, solidifying TRON’s dominance in the stablecoin market. With over 50% of USDT’s $150 billion global circulation issued on TRON, the network now commands 63% of the stablecoin market share. This milestone highlights TRON’s growing influence in the cryptocurrency space, supported by its robust infrastructure and high transaction volume.
Tether on TRON Surpasses $75 Billion, Dominates Stablecoin Market
Tether’s USDT supply on the TRON blockchain has exceeded $75 billion, reinforcing TRON’s position as the leading network for stablecoin activity. With over 50% of USDT’s $150 billion global circulation issued on TRON, the network commands 63% of the stablecoin market share.
TRON processes 8.3 million daily transactions and supports 306 million user accounts, handling $20 billion in USDT transfers daily. The network facilitates nearly 29% of all stablecoin transfer volume, underscoring its dominance in the sector.
Tron Founder Justin Sun Leads TRUMP Memecoin Holders, Secures Invite to Trump’s Gala Dinner
Tron founder Justin Sun has emerged as the top holder of the TRUMP memecoin, earning an invitation to an exclusive gala dinner hosted by former U.S. President Donald Trump. The event, scheduled for May 22, will gather the token’s largest holders, with Sun confirming his attendance via a May 20 post on X.
The TRUMP memecoin team organized a competition granting access to the top 220 holders, with the 25 largest wallets securing a private VIP reception. Sun’s position as the leading holder aligns with speculation linking him to an HTX-associated wallet. "Honored to support POTUS and grateful for the invitation," SUN wrote, framing his participation as a show of political support.
XRP Price Forms Bullish Pattern Amid Whale Accumulation and Circle Acquisition Talks
XRP price is showing signs of a bullish reversal as on-chain data reveals sustained accumulation by large holders. The token traded at $2.33 Tuesday, down 12% from weekly highs, but technical patterns suggest an impending rebound.
Market dynamics are being influenced by two key developments: whale activity and Ripple Labs’ potential acquisition of Circle, the issuer of USDC. A successful deal would position Ripple as the second-largest stablecoin provider and third most profitable crypto project behind Tether and Tron. Circle has generated $1.58 billion in revenue this year alone.
The strategic move would complement Ripple’s recently launched RLUSD stablecoin, currently boasting a market cap exceeding $[missing data]. This consolidation in the stablecoin sector comes as institutional interest in digital assets reaches new thresholds.