Tron’s USDT Dominance: TRX Recovery Signs Emerge as Supply Surpasses $80 Billion

Tron's native token TRX is showing promising signs of recovery as the network achieves a monumental milestone in the stablecoin market. The circulating supply of Tether (USDT) on the Tron blockchain has now exceeded $80 billion, solidifying its dominance as the premier platform for USDT issuance. This growth trajectory has been nearly uninterrupted since late 2020, when the supply was under $7 billion, and has since skyrocketed to over $39 billion. The increasing adoption of USDT on Tron highlights the network's scalability and efficiency, which are critical factors driving its popularity among users and developers alike. As the crypto market continues to evolve, Tron's robust infrastructure and growing stablecoin supply position TRX for potential bullish momentum in the near future. With these developments, TRX could be poised for a significant rebound, attracting both institutional and retail investors seeking exposure to a high-performance blockchain with substantial real-world utility.

TRX Shows Recovery Signs as Tron's USDT Supply Tops $80 Billion

Tron's native token TRX is signaling a potential rebound as the network achieves a significant milestone in the stablecoin arena. The circulating supply of Tether (USDT) on the Tron blockchain has surged past $80 billion, cementing its position as the leading platform for USDT issuance.

Growth in USDT supply on Tron has been nearly uninterrupted since late 2020, skyrocketing from under $7 billion to over $39 billion during the 2021 bull market. By November 2024, Tron overtook ethereum in total USDT supply—a first in three years. The upward trajectory continued into 2025, with the supply climbing from $59.76 billion at the year's start to $80.76 billion by mid-June.

Despite this expansion, Tron's total value locked has declined from $7.5 billion in January to $4.3 billion. Yet decentralized exchange volumes tell a brighter story, with monthly trading activity on TRON-based DEXs rising from $4.9 billion in April to $5.5 billion in May.

TRX currently trades at $0.2729, up 2.2% over the past 24 hours, though still 36% below its December 2024 peak of $0.4313. Daily trading volume has dipped nearly 29% to $939 million.

Tether Mints $2B in USDT as Bitcoin Eyes Bullish Breakout

Tether's recent $2 billion USDT mint on the TRON blockchain, following a $1 billion issuance on Ethereum, signals strategic positioning amid macroeconomic uncertainty. The move coincides with Bitcoin's resilience despite geopolitical tensions and traditional market volatility, suggesting institutional confidence in crypto's next rally.

The stablecoin's supply adjustment—a $150 million contraction—contrasts with Bitcoin's steady performance, reinforcing the narrative of 'strong hands' accumulating positions. Market observers interpret Tether's liquidity injections as preparatory for heightened crypto demand, particularly for BTC.

Circle Stock Surges Amid Stablecoin Hype but Faces Upcoming Risks

Circle's stock (CRCL) has soared to a record high of $298 following its successful IPO, buoyed by growing institutional interest in stablecoins. The company's market capitalization now stands at $58 billion, nearing the $61 billion valuation of its USD Coin (USDC). Major players like Fiserv are leveraging Circle's infrastructure to develop new stablecoins, including FIUSD on the solana blockchain.

Regulatory tailwinds, such as the U.S. Senate's passage of the GENIUS Act, could further benefit Circle if competitors like Tether struggle to comply. However, USDC's stagnant market cap and looming risks like rate cuts and lock-up expirations threaten to temper momentum. Transaction volume for USDC has surged 72% in the past month, but Circle must navigate these headwinds to sustain its parabolic rally.

Tether's USDT Supply Reaches Record $156.1 Billion, Dominates Stablecoin Market

Tether's USDT has surged to an all-time high supply of $156.1 billion, cementing its dominance in the stablecoin sector. The majority of this supply—90%—is concentrated on just two blockchains: TRON and Ethereum. TRON hosts 50.47% of USDT, while Ethereum holds nearly 40%. The remaining fraction is distributed across smaller networks like Solana, BNB Chain, and Avalanche.

Despite growing competition from Circle's USDC, which has gained traction on alternative chains, Tether maintains a firm grip on the market. USDT accounts for 62.10% of the total stablecoin supply, dwarfing USDC's 24% share. However, regulatory headwinds in Europe, particularly the MiCA framework, prompted Tether to exit certain markets rather than comply.

The stablecoin landscape remains a two-horse race, with Tether's strategic withdrawal from Europe underscoring its preference for flexibility over regulatory entanglement. Meanwhile, USDC's expansion on networks like Solana hints at a gradual shift in liquidity distribution, though not yet enough to challenge USDT's supremacy.