- TRON Network continues to lead the way in USDT adoption, setting new records for important statistics.
- There are increasing USD Coin transactions on Ethereum, showing it is still the leading stablecoin in decentralized finance.
- The fact is, the use of stablecoins on TRON and Ethereum is becoming more widespread because both networks are designed differently for specific uses.
All-time highs have been reached on the TRON network for USDT stablecoin with respect to transfer count, transfer volume and the number of coins in circulation.
According to Token Terminal data, the TRON network’s outstanding supply of USDT stands at $77.7 billion. The network moves $611 billion of USDT monthly and handles up to 65.6 million transfers each month.
The TRON Network is the Preferred Choice Over Other Blockchains
This record level in these numbers shows that many people trust the network to handle stablecoins fast, efficiently, and for low fees on a regular basis.
Source: X (@tokenterminal)
The TRON network’s scalability and affordability have made it the preferred choice over other blockchains like Ethereum and Solana. Analysts believe that the massive rise in USDT usage on TRON is a sign of greater adoption of the network for cross-border payments, financial services, and decentralized applications (dApps).
By handling millions of transfers monthly at minimal fees, the TRON network continues to dominate the stablecoin space. Its dominance could continue for a long time as it continues to play an important role in shaping the future of digital finance with its reliability, speed and affordability.
Key On-Chain Metrics for USDC On Ethereum Have Grown Impressively
Moreover, the USDC coin, the second-largest stablecoin, is seeing numerous record transfers on Ethereum, according to a separate post on X by Token Terminal. Various indicators on this blockchain show that USDC’s use is reaching new records, indicating more people are using the digital dollar.
According to the data, the outstanding supply of USDC on Ethereum is nearly $40 billion. It is a sign of huge trust in the stablecoin’s role in payments and decentralized finance.
Another all-time high is the volume of USDC transfers on this network. It is almost $635 billion and indicates that more than half a trillion dollars’ worth of this stablecoin was moved through Ethereum in four weeks.
Source: X (@tokenterminal)
