The Rise of Proprietary Blockchains: How USDT and Stablecoins Are Shaping the Future of Finance
The cryptocurrency landscape is evolving rapidly, with major players like Circle and Stripe launching their own proprietary blockchains. This trend is driven by the growing demand for stablecoins and tokenized assets, as well as the need for specialized settlement layers. Ethereum, Solana, and Tron currently dominate the market, but new entrants like Circle's Arc and Stripe's Tempo are poised to disrupt the status quo. This article explores the reasons behind this shift and its implications for the future of finance, with a particular focus on USDT and other stablecoins.
Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains
The stablecoin and tokenized asset sectors are witnessing a surge in proprietary blockchain development. Circle's Arc and Stripe's Tempo join a growing list of dedicated networks, including Plasma and Stable's USDT-focused chains. Tokenization players like Securitize and ONDO Finance are also building specialized settlement layers.
Market dynamics are driving this trend. While Ethereum, Solana, and TRON currently host most stablecoins, issuers seek greater control over transaction finality and compliance frameworks. The $160 billion stablecoin market and emerging tokenized securities sector demand infrastructure tailored for institutional-grade settlement.
Proponents argue dedicated blockchains enable optimized performance for specific use cases—whether for cross-border payments or 24/7 trading of tokenized traditional assets. This infrastructure race reflects growing confidence in blockchain's capacity to reshape global finance, with stablecoins and RWAs projected to become trillion-dollar asset classes.
TRON Surpasses Ethereum in USDT Transactions Amid Rising Stablecoin Demand
TRON has eclipsed ethereum as the leading network for USDT transactions, processing $24 billion daily compared to Ethereum's $3.4 billion. The shift underscores TRON's appeal for cost-sensitive users leveraging its gasless model and high throughput.
With $80.8 billion in USDT supply now circulating on TRON—exceeding Ethereum's $73.8 billion—the network cements its role as the backbone of stablecoin transfers. "TRON's architecture favors peer-to-peer use cases," notes CryptoQuant's Julio Moreno, highlighting its structural advantage over smart contract-focused chains.
The divergence reflects a broader market segmentation: Ethereum maintains dominance in DeFi complexity while TRON captures value in transactional utility. This bifurcation may redefine competitive dynamics in the stablecoin ecosystem.
Tether Dominates Stablecoin Market with $165B Capitalization
Tether's USDT has cemented its position as the dominant force in the stablecoin sector, reaching a staggering $165.25 billion market capitalization. This represents 60.49% of the total stablecoin market, which now stands at $273.17 billion after growing 1.28% this week.
The second-place stablecoin USDC shows strong momentum with $66.8 billion capitalization, posting 7.56% monthly growth. Market demand remains robust across both institutional and retail sectors, with Tether adding $730 million in new tokens last week alone.
Regulatory scrutiny intensifies as stablecoins become increasingly critical infrastructure bridging traditional finance and cryptocurrency markets. Their role as liquidity anchors for trading pairs, cross-border settlements, and DeFi protocols continues to expand despite growing oversight concerns.
