TRON has cemented its status as a major player in the stablecoin payments sector, processing a staggering $23.4 billion in daily USDT transfers in 2025, according to the latest report from CryptoQuant. This figure is more than double Ethereum’s daily volume of $10.5 billion, highlighting TRON’s growing dominance in stablecoin transactions.
From Blockchain Platform to Payment Powerhouse
Once regarded primarily as a blockchain platform for decentralized applications, TRON has evolved into a global payment infrastructure, facilitating high-frequency transactions with minimal fees and near-instant confirmation. In 2025 alone, TRON has seen over 283 million USDT transfers, demonstrating the network’s role as a key settlement layer for stablecoin transactions.
TRON’s rise is underpinned by its focus on low transaction costs and quick confirmations, making it particularly appealing to users in emerging markets where transaction fees can be a critical factor. This has enabled the platform to outpace Ethereum, which has traditionally been the go-to network for stablecoin transactions.
USDT Supply Surges as TRON Surpasses Ethereum
TRON’s rapid growth in stablecoin adoption is reflected in its share of the USDT supply. According to CryptoQuant, TRON’s share of the total USDT supply surged by 27% in 2025, bringing its total holdings to $75.8 billion.
In contrast, Ethereum’s USDT supply has plateaued, now accounting for $68.4 billion, marking a significant shift in market dynamics. For the first time, TRON holds more than half of the global USDT supply, while Ethereum’s share has dwindled to 49%, with other blockchains collectively holding a meager 1.5% share.
Broader Use Beyond USDT
TRON’s expanding role in stablecoin transactions is not limited to USDT. The network has also seen increased usage of other tokens, indicating a diversified payment ecosystem.
- Wrapped TRX (WTRX): Approximately 2.5 million transfers, driven by active trading on decentralized exchanges.
- PayNet Coin: Over 1.3 million transfers, signaling rising adoption in retail payments and cross-border remittances.
- USDD: With around 427,000 transfers, USDD is emerging as a viable stablecoin for payments on the TRON network.
CryptoQuant’s analysis underscores that TRON is not only dominating the stablecoin market but also positioning itself as a retail payment network, handling high-frequency, low-value transactions that align with its strategic focus on retail and remittances.
TRON vs. Ethereum: Diverging Paths in Crypto Payments
The CryptoQuant report highlights a clear shift in the use cases for Ethereum and TRON. While Ethereum continues to focus on DeFi and institutional-grade transactions, TRON has emerged as the preferred network for high-volume retail payments, leveraging its low-cost structure and quick processing times.
As TRON processes 2.4 million USDT transfers daily, compared to Ethereum’s 284,000, the gap between the two networks is widening. This divergence underscores TRON’s transformation from a general-purpose blockchain to a dedicated payment infrastructure, with the potential to rival traditional payment networks in emerging markets.
With its dominance in stablecoin transactions firmly established, TRON is poised to further consolidate its position as a key player in global payment networks, offering a compelling alternative to traditional financial systems.
