Tron (TRX) Stabilizes Near $0.270 with Bullish Momentum as USDT Adoption Surges

Tron (TRX) shows strong stabilization near $0.270 following a 3.5% recovery, supported by Tether's USDT supply on its blockchain exceeding $80 billion—a significant milestone indicating robust adoption. Technical analysis suggests further upside potential toward $0.29. Meanwhile, Dogwifhat (WIF) rallies 20%, forming a bullish morning star pattern that signals a potential trend reversal. The meme coin is now testing key EMAs at $0.85, with a breakout possibly driving it toward $1.00. Binance Coin (BNB) continues to demonstrate resilience in the market. This analysis provides insights into these cryptocurrencies' recent performance and future outlook.

Cryptocurrencies Price Prediction: Tron, Dogwifhat & Binance Coin — Asian Wrap 24 June

Tron stabilizes NEAR $0.270 after a 3.5% recovery, buoyed by Tether's USDT supply on its blockchain surpassing $80 billion—a milestone signaling robust adoption. Technical indicators suggest further upside toward $0.29.

Dogwifhat rallies 20%, forming a bullish morning star pattern that hints at trend reversal. The meme coin now tests key EMAs at $0.85; a breakout could propel it toward $1.00.

BNB gains 4% as former Coral Capital executives unveil plans for a $100 million treasury-focused investment vehicle, underscoring institutional confidence in Binance's ecosystem.

USDT Supply on Tron Surpasses $80 Billion Amid Rising Stablecoin Dominance

Tron's TRC-20 USDT circulating supply has eclipsed $80 billion, cementing its position as a leading blockchain for stablecoin transactions. The milestone reflects accelerating adoption, with Tron overtaking ethereum in USDT circulation last November—a shift driven by its cost efficiency and rapid settlement times.

Growth has been relentless since 2020, including a 488% surge during the 2021 bull market. Even during the stagnant 2022-2023 cycle, demand persisted. The network recently processed a $2 billion USDT mint by Tether Treasury, underscoring its role as the preferred platform for large-scale liquidity operations.

Tether's Dominance Faces Growing Competition Amid USDT Supply Diversification

Tether's USDT maintains its stronghold as the leading stablecoin, with its supply increasingly distributed across multiple blockchain networks. TRON and Ethereum dominate, collectively accounting for over 90% of USDT issuance. TRON alone hosts more than $80 billion, growing by $20 billion year-to-date, while Ethereum holds over $71.54 billion.

Emerging networks like Solana, Aptos, and TON are gaining traction, expanding USDT's liquidity beyond EVM chains. This diversification underscores USDT's role as a preferred on-ramp for traders and institutions.

Meanwhile, Circle's USDC is mounting a formidable challenge, surpassing $61 billion in supply and capturing 24% of the stablecoin market. Circle's Wall Street momentum is equally striking, with its stock (CRCL) soaring 700% since its June 5 IPO, reaching a market cap of $68 billion. Investor enthusiasm remains high, though ARK Invest has begun trimming positions, signaling a shift from euphoria to profit-taking.