TRON’s Dominance in USDT Circulation Signals Major Growth Potential

TRON has emerged as the dominant network for USDT circulation, now accounting for over 51% of all Tether stablecoins in circulation. This significant milestone follows the U.S. passage of the GENIUS Act, which established clear regulatory guidelines for payment stablecoins, including customer safety and anti-money laundering measures. The Layer-1 blockchain experienced an immediate influx of $1 billion in newly issued USDT after the law's enactment, highlighting its growing influence in the stablecoin market. As regulatory clarity improves and adoption surges, TRON's position as a leading platform for USDT circulation could unlock substantial upside for TRX, making it a key asset to watch in the evolving cryptocurrency landscape.

Tron Dominates USDT Circulation as Big TRX Upside Emerges

TRON has solidified its position as the leading network for USDT circulation, now holding over 51% of all Tether stablecoins in circulation. This dominance follows the U.S. passage of the GENIUS Act, which provided clear regulatory guidelines for payment stablecoins, including customer safety and anti-money laundering measures.

The Layer-1 blockchain saw an immediate influx of $1 billion in newly issued USDT after the law's enactment, pushing its total USDT holdings beyond $83 billion. TRON's low fees and rapid transaction speeds have long made it a preferred platform for stablecoin transfers, a trend now amplified by regulatory clarity.

Market observers view TRON's growing market share as evidence of its readiness to serve as a primary infrastructure for dollar-backed digital assets. The network's established dominance in this sector appears poised for further expansion as institutional confidence in compliant stablecoins grows.

Coinbase Implements USDC Conversion Fee Amid Revenue Pressures

Coinbase is introducing a 0.1% fee on USDC-to-USD conversions exceeding $5 million within 30-day periods, effective August 13. The MOVE targets institutional and high-frequency traders, marking the first monetization of its stablecoin conversion service.

The policy shift follows disappointing Q2 results, with retail trading volumes dropping 39% and revenue missing analyst expectations. CEO Brian Armstrong framed the fee as a corrective measure for stablecoin arbitrage opportunities that previously favored USDC over Tether.

Net conversion volume calculations will exempt retail traders, focusing instead on large-scale off-ramping activity. This strategic adjustment reflects broader challenges in crypto market liquidity and exchange profitability.

GENIUS Act Triggers $9 Billion Stablecoin Surge, USDe & USDT Lead

The GENIUS Act, signed into law by US President Donald TRUMP on July 18th, has catalyzed a $9.11 billion expansion in the stablecoin market within just 23 days. The legislation establishes stablecoins as official financial instruments, mandating full backing by liquid reserves and providing regulatory clarity that has spurred rapid adoption.

Ethena's USDe leads the charge with a $4.19 billion surge, fueled by integrations with DeFi platforms Aave and Pendle. The total stablecoin market capitalization now stands at $276 billion, demonstrating how decisive policy action can accelerate crypto market maturation.

Yield-bearing stablecoins dominate the growth trajectory, with the top five players accounting for the majority of inflows. This regulatory milestone marks a turning point for institutional participation in digital asset markets.