As the crypto sector continues to expand and institutional players enter the space, the role of stablecoins is becoming increasingly critical. Stablecoins have become the heart of decentralized finance (DeFi). While Ethereum used to dominate in terms of stablecoin activity, this has started to change in recent years.
When we look at the total USDT supply on TRON and Ethereum, we see a clear shift.
The battle that began in 2021 has seen TRON grow at a much faster pace.
As of today, Ethereum holds $74.5B in USDT, while TRON is close behind with $73.7B.
There are several key reasons behind this shift:
High gas fees on the Ethereum network
Major exchanges like Binance, OKX, and Bybit promoting the TRC20 standard
TRON becoming the preferred network for OTC transactions and in Asian markets
USDT Supply Distribution Between Ethereum and TRON
Back in 2019, Ethereum had a dominant share of the total USDT supply.
However, with TRON’s growing adoption, Ethereum has gradually lost ground.
Currently, the supply is almost evenly split: Ethereum at 50.26% and TRON at 49.73%.
This quiet shift highlights how users are not just choosing the largest network, but the most efficient one.
TRON is no longer just an alternative — it's now a co-leader.
Conclusion
These data points suggest that TRON is not only growing in volume but is also becoming a trusted and strategic choice for stablecoin transactions.
However, this landscape is dynamic and could shift again.
Future developments from the Ethereum side — such as lower gas fees through scaling solutions — could tilt the balance once more.
Bottom line: the USDT war is far from over.
Written by BorisVest
