TRON’s USDT Supply Soars Nearly 10x In Four Years

By early 2025, the circulating supply of Tether (USDT) had increased over 9x in the last 12 months, going from $6.7 billion in 2021 to $62 billion.

This nearly tenfold increase in four years further cements Tron’s position as the top dog in the stablecoin market.

The expansion comes as TRON’s low-cost, high-efficiency infrastructure draws increasing attention from the decentralized finance (DeFi) sector.

Tron DeFi Ecosystem Fuels USDT Adoption

Expanding USDT on TRON mainly originated from the blockchain’s high on-trading hydrogen transaction fees and low settlement time.

DeFi protocols increasingly want cost-effective and scalable solutions. From the CryptoQuant data, one can see that TRON’s USDT supply has been increasing steadily.

Tron charts show the total USDT supply on Tron going from a relatively minor figure in 2020 to exceeding $60B by 2025.

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The most notable part of the expansion happened between 2021 and 2023.

This data indicates the blockchain will remain appealing and is likely a sustained, long-term trend rather than just a temporary spike.

Tron Surpasses Ethereum in USDT Transactions

More specifically, TRON’s TRC-20 USDT reigns supreme compared to Ethereum’s ERC-20 USDT.

More data highlights a significant decline in ERC-20 USDT transfers and a massive rise in TRC-20 USDT transactions.

Ethereum initially led stablecoin transfers. However, as transaction fees on Ethereum became significant, users migrated to TRON for lower costs and higher efficiency.

By 2025, early, TRON’s USDT transaction volume was more significant than Ethereum’s, being the primary network for stablecoin transfers.

The fall of Ethereum’s share in USDT transactions coincides with a growing number of blockchain transactions, a surge in gas fees, and more traffic to the network.

The chart data also illustrates a high point where the number of transactions involving USDT on TRC-20 surpasses ERC-20.

This signals a more widespread movement in the market towards an inexpensive network.

In addition to being a leader in stablecoin transactions, TRON has a major user adoption.

Recent on-chain data shows that TRON accounts now amount to a total of 289 million.

TRON recently further solidified its presence in the DeFi sector by making the news at Consensus Hong Kong.

Among those involved in the key discussion on “Unlocking DeFi for the Masses” was Justin Sun, alongside Zak Folkman, co-founder of World Liberty Financial.

After the main stage, Justin Sun joined a panel discussion on the Builders Stage.

The latest system developments for TRON’s ecosystem have received a positive response from Tron’s native token, TRX.

In the past 24 hours, the token price has increased by 2.33%, now $0.2434, as per CoinMarketCap.

Though daily trading volume has reduced 4.96% to $589.52 million, TRX’s total market capitalization remains solid at $20.95 billion, placing it as one of the top 10 cryptocurrencies.

Aside from that, TRX’s total supply of 86.09 billion tokens with a solid, stable circulation is the bullish sentiment itself reached the bull.