USDT is currently dominating the TRON network, making up 98.5% of all stablecoins on it. This means that almost all stablecoin transactions on TRON involve USDT.
Right now, the total supply of all stablecoins on TRON is $64 billion, and USDT alone has a circulating supply of $62.76 billion. Other stablecoins, such as USDC, USDD, tUSD, and USDJ, barely hold a share.
In 2024, TRON processed $5.46 trillion in USDT transactions. This is a 48% increase compared to what it processed in 2023. This means about 2.05 million USDT transfers were happening every day.
TRON’s success with stablecoins has also helped TRX grow. Over the past 12 months, TRX’s price jumped by 61.6%.
In December 2024, it hit an all-time high of $0.4407, but since then, it has settled at $0.2292.
In November 2024, the network recorded $587.2 billion in USDT transfers, which was its highest ever. USDT’s daily trading volume on TRON usually floats between $4 billion and $5 billion. However, this number goes up and down as the price of TRX, TRON’s native cryptocurrency, changes.
Justin Sun, the founder of the Tron blockchain, recently disclosed that starting next week, USDT transactions on TRON will be fee-free. This means users won’t need TRX to pay for gas fees when transferring USDT.
“TRON’s Gas Free feature supporting USDT gas payments without the need for TRX will launch within the next week,” Sun announced on Feb 25.
Also Read: Justin Sun Recommends Tron Multi-Sig for USDT Security
