Tron Dominates USDT Market with 51% Global Supply Post-GENIUS Act

In a significant development for the cryptocurrency market, Tron has solidified its position as the leading blockchain for USDT (Tether) transactions, now holding 51% of the global USDT supply. This milestone follows the passage of the U.S. GENIUS Act on July 18, which has provided much-needed regulatory clarity for stablecoin issuance. With over $83 billion worth of USDT circulating on its network—including a recent $1 billion mint—Tron's dominance underscores its growing influence in the stablecoin ecosystem. Despite its substantial market cap of $32 billion and daily trading volume of $839 million, TRX (Tron's native token) saw a modest 1.3% price increase, reflecting cautious optimism among investors. The GENIUS Act's enactment has not only boosted confidence in Tron's blockchain but also set the stage for further adoption of USDT and other stablecoins in regulated financial markets. As of August 8, 2025, Tron's strategic positioning and regulatory tailwinds suggest a bullish outlook for its role in the future of decentralized finance.

Tron Gains USDT Market Share After U.S. GENIUS Act Passage

Tron now holds 51% of the global USDT supply, with over $83 billion circulating on its network following a $1 billion mint after the GENIUS Act's passage. The regulatory clarity provided by the U.S. legislation has bolstered confidence in stablecoin issuance, particularly on Tron's blockchain.

TRX price ROSE 1.3% despite a market cap of $32 billion and $839 million in daily trading volume. The GENIUS Act, enacted on July 18, 2025, establishes the first comprehensive framework for payment stablecoins in the U.S., emphasizing consumer protection and anti-money laundering compliance.

Market participants have responded positively to the regulatory baseline, driving increased activity in dollar-backed digital assets. Tron's dominance in USDT circulation underscores its growing role in the stablecoin ecosystem.

Story Protocol's IP Token Surges Ahead of Upbit Listing

Story Protocol's IP token, a LAYER 1 blockchain solution for intellectual property management, has seen a double-digit price surge following its listing announcement on Upbit. The token will trade against KRW, BTC, and USDT pairs starting at 13:00 KST.

Upbit has implemented temporary trading restrictions, including a five-minute buy order cap and sell order blocks below 10% of the prior day's close. The exchange emphasized network verification for deposits, which will open within 90 minutes of the announcement.

The IP blockchain creates a decentralized repository for IP registration and monetization, positioning itself at the intersection of Web3 and creative rights management. Market observers note the listing could accelerate adoption among Korean crypto traders, who dominate Upbit's liquidity pools.

BYDFi Card Launches to Bridge Web3 Assets and Real-World Spending

BYDFi, a global cryptocurrency trading platform, has unveiled the BYDFi Card, a VIRTUAL payment solution designed to seamlessly connect digital assets with everyday transactions. The card eliminates traditional banking intermediaries by allowing direct spending of crypto via Visa's payment network.

Users can fund the card with USDT, enabling global purchases both online and offline without conversion delays. Integration with Apple Pay, Google Pay, and PayPal expands its utility across platforms requiring card-based payments. The product targets Web3 natives—DeFi traders, creators, and freelancers—seeking frictionless access to their digital wealth.

Key features include instant virtual issuance post-KYC, customizable spending limits, and real-time transaction tracking. This launch reflects growing demand for infrastructure that merges cryptographic efficiency with traditional finance's ubiquity.