Tron Eyes Bigger Market Share In Asia After Securing Dominance In Latin America

It is no secret that the Tron network has been dominating in terms of stablecoin transfer volumes as well as the total stablecoin growth. 

However, a recent analysis revealed some interesting details regarding how the network has been performing by region.

According to a recent analysis on CryptoQuant, the Tron network has been dominating stablecoin transactions in South America.

USDT transfers on the Tron network were the most popular form of stablecoin transaction in South American countries such as Brazil, Argentina and Colombia.

Despite this growing popularity of Tron’s USDT in South America, the network’s popularity was also on the rise in other key regions. The US accounted for the highest Tron spot volumes.

Tron Continues to Make Inroads into the Asian Market

The Tron network has also been experiencing significant adoption and growth in the Asian region. According to the chart, Asia trailed the U.S in terms of trading volumes.

CryptoQuant analysis revealed that the performance was largely backed by rising transaction activity, mostly from East Asia. Hong Kong and Korea contributed a significant amount of those volumes.

The rising stablecoin transfer volumes on Tron aligned with the improving sentiment around cryptocurrencies in China. For example, China recently softened its stance on stablecoin, and it was reportedly considering launching a Yuan-backed stablecoin.

Interestingly, China’s push into Yuan-denominated stablecoins underscored its retaliation. This was after the U.S pushed aggressively towards using stablecoins to extend its dominance across the world.

In other words, the race for global monetary dominance through blockchain technology was on. Moreover, Tron’s stablecoin dominance also allowed it to strategically benefit from the rising stablecoin activity across key economic regions.

The Tron spot transactions data also confirmed that growth in the European region was much slower. However, this could change, especially now that the EU recently confirmed its push towards a digital Euro stablecoin.

TRX Price Recap as Open Interest Reveals Rising Excitement

TRX price action bounced back after Powell’s dovish speech during the Jackson Hole conference.  The cryptocurrency previously retreated from its previous local high due to market jitters a few days prior to the conference.

The dovish outcome caused a demand wave that swept across the market, with TRX surging by almost 4%. This slight recovery pushed the price back above $0.36 for a resistance retest.

TRX was unable to push into a new local high despite the latest upside. This could signal the possibility of another retreatment.

Moreover, a spike in open interest was observed, and it could underscore a potential liquidation event ahead.

According to Coinglass, TRX open interest pushed as high as $638 million in the last 24 hours.  This was the highest open interest levels that TRX achieved since April 2021.

The surge in open interest may have underscored an uptick in long positions in the derivatives segment. However, this uptick also translated to liquidity flows that could be prone to liquidation if smart money induces another unexpected selloff.

Interestingly, TRX spot flows switched from $32 million worth of positive spot netflows on Friday but over $12 million worth of negative netflows were observed in the last 24 hours.

The negative outflows highlighted the possibility of a bearish outcome if higher levels of sell pressure persisted. The potential for profit-taking was high especially considering that TRX just concluded its 9th consecutive week in the green.

TRX might lend itself to some short-term pullbacks but its dominance in stablecoin transactions underscored long-term bullish prospects.

The post Tron Eyes Bigger Market Share In Asia After Securing Dominance In Latin America appeared first on The Coin Republic.

Source: https://www.thecoinrepublic.com/2025/08/24/tron-eyes-bigger-market-share-in-asia-after-securing-dominance-in-latin-america/