USDT and Tron Lead Global Stablecoin Transactions in 2025

As of February 2025, Tether’s USDT has solidified its dominance in the stablecoin market, accounting for over 86% of global transaction volume. This underscores its role as the preferred digital dollar for cross-border payments and emerging market transactions. Meanwhile, the Tron network has emerged as the leading blockchain for stablecoin transfers, processing more than 60% of global transactions. The continued growth of USDT and Tron highlights their pivotal positions in the evolving cryptocurrency ecosystem, offering efficiency and scalability for users worldwide.

Tether’s USDT and Tron Dominate Global Stablecoin Transactions

Tether’s USDT continues to assert its dominance in the stablecoin sector, accounting for over 86% of transaction volume as of February 2025. The token has become the preferred medium for cross-border payments and emerging market transactions, solidifying its position as the most transacted digital dollar on the blockchain.

Tron has emerged as the leading network for stablecoin transactions, processing more than 60% of global volume. Its low fees and high throughput have made it particularly appealing in developing regions, where cross-border payments often face significant friction. As of May 2025, over $75 billion worth of USDT circulates on Tron, making it the largest platform for stablecoin liquidity worldwide.

The shift in stablecoin dynamics reflects broader trends in digital finance, with efficiency and cost-effectiveness driving adoption. Ethereum, once the dominant network for stablecoin issuance, now trails TRON in transaction volume, though it remains a significant player in the ecosystem.

FTX’s $5B Creditor Payout Begins May 30: Market Liquidity Implications

FTX will initiate one of crypto’s largest bankruptcy distributions on May 30, releasing $5 billion in stablecoins to creditors. The payout—primarily in USDT and USDC—marks a critical juncture 18 months after the exchange’s collapse.

Market participants anticipate Ripple effects across exchange reserves and short-term liquidity. On-chain data already shows slowing stablecoin outflows, suggesting recipients may redeploy capital into crypto markets rather than cash out.

The distribution covers retail users, institutions, and trade creditors named in bankruptcy proceedings. While providing liquidity to claimants, the injection could temporarily distort trading volumes and asset prices across major exchanges.

Justin Sun’s Trump Jr. Photo-Op Fuels TRX Rally—Political Clout Boosts Crypto Sentiment

Tron’s TRX token surged 3% overnight on May 29, 2025, following a high-profile handshake between founder Justin Sun and Donald Trump Jr. at the Bitcoin 2025 conference in Las Vegas. The encounter ignited speculation about the Trump family’s deepening ties to crypto, with Trump Jr. declaring his focus on digital assets post-politics.

TRON’s regulatory challenges in the U.S. may find relief as Trump allies advocate for pro-crypto policies, including a national bitcoin reserve and stablecoin deregulation. Meanwhile, TRX’s fundamentals strengthen: over $73.8 billion in Tether (USDT) now resides on TRON’s network, with $16 billion minted this year alone. A May 28 mainnet upgrade further solidifies its position as a stablecoin payments leader.