The competition between Tron and Ethereum is becoming increasingly fierce, especially in the circulation of Tether (USDT). Tron seems to have taken an important step to regain leadership.

Tether's recent minting of 1 billion USDT on the Tron network indicates that significant strategic moves are being made in the stablecoin market.

An analyst from COINOTAG commented, 'Historically, Tron has maintained superiority in USDT circulation, and this recent minting poses a strong challenge to Ethereum's current leadership.'

This article discusses the latest developments in Tron's USDT circulation, legislative movements affecting stablecoins, and future market outlook in an increasing competitive environment.

Tron is taking steps to regain its superiority in USDT circulation against Ethereum.

Tron is taking significant steps to regain leadership in USDT circulation. The strong position it has held from July 2022 to November 2024 seems to be recoverable with recent developments. With Tether minting 1 billion USDT on Tron on May 5, the total amount of USDT on Tron reached 71.4 billion dollars. It is reported that Ethereum hosts 72.8 billion dollars worth of USDT, indicating that there is only a 1.4 billion dollar gap for Tron to seize leadership.

Increases and Decreases in USDT Circulation

The recent minting operation is increasing interest in Tron's stablecoin hosting capabilities. Ethereum's minting of 18 billion dollars worth of USDT has fundamentally changed the outlook in this area. Currently, Solana stands a distant third with only 1.9 billion dollars worth of USDT. This situation reinforces the dominance of Tron and Ethereum in the stablecoin market.

Laws are expected to affect Stablecoin Publishers

As the stablecoin market continues to develop, two significant legislative proposals in the U.S. are set to shape the future of digital currencies. The GENIUS Act, which aims to define 'payment stablecoins' and reserve requirements, is expected to be voted on in the Senate this month. This regulatory clarity could support market participants like Tether by creating a more robust environment for stablecoins.

Impact of the Upcoming Law on the Market

The STABLE Act will address the oversight of non-bank stablecoin publishers and clarify the roles of stablecoin operators. Experts believe that such regulations could facilitate the launch of new stablecoin projects, including Tether's anticipated U.S.-based stablecoin project later this year, in addition to increasing transparency.

Future of Stablecoins and Growth Predictions

While Tether holds 61% of the market share, Circle faces limited competition with a 25% market share and 62 billion dollars worth of USDC. The increasing demand for stablecoins reflects a rising trend, constituting 8% of the cryptocurrency market as valid options for transactions.

Future of the Stablecoin Market and Expansion Predictions

According to a report from the U.S. Treasury Department, the stablecoin market could rise to 2 trillion dollars by 2028; this could happen depending on clear regulations. Such a forecast indicates signs of a maturing market environment where digital finance could be reshaped.


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