USDT’s market capitalization just reached a new all-time high of $160 billion.
Despite stablecoin regulations that could put Tether in a difficult position, the ecosystem around USDT continues to expand, notably on the Tron blockchain.
The USDT supply on Tron has recently surpassed $80 billion, now exceeding Ethereum’s by $6 billion.
Since the beginning of 2025, $22B worth of USDT has been minted on Tron to meet growing demand on the protocol.
This need for USDT on Tron is also reflected in the evolution of transaction volumes on the chain.
Overall, the volume of all types of USDT transactions on Tron continues to grow, with a clear acceleration in 2025.
If we look specifically at the volumes by distinguishing whether they are generated on Exchanges or through decentralized transactions on the protocol, we can observe a real difference.
Volumes from decentralized transactions are often 5 to 10 times higher than those on exchanges.
Beyond the remarkable growth in USDT volume and supply on Tron, this also highlights Tron's strong extraction from centralized exchanges, which is essential in the blockchain and Web3 ecosystem.
Written by Darkfost
