TRX Surges 2.39% as Tether Mints 2 Billion USDT, Daily Transactions Top 8 Million

TRON (TRX) has experienced a positive price movement over the last 24 hours, with the token rising by approximately 2.39% to 3.02% and trading near $0.2765 USDT. Market activity remains robust, as evidenced by a 21.68% increase in 24-hour trading volume to $1.01 billion and a market capitalization of $26.24 billion.

The recent price appreciation can be attributed to several key developments. Tether minted an additional 2 billion USDT on the Tron network on May 21, 2025, bringing the total USDT supply on Tron to about 75.7 billion and reinforcing TRON’s position as the leading blockchain for stablecoin transactions. This expansion has driven daily USDT transaction volumes to approximately $23 billion and 2.4 million transfers, significantly outpacing competing networks. The increase in network activity, with TRON’s daily transactions consistently exceeding 8 million since February 2025, has attracted more traders and liquidity to the ecosystem. These factors, combined with the network’s low fees and fast transaction speeds, have contributed to the recent upward momentum in TRX price and sustained strong fundamentals for the asset.