Tron Reclaims the Throne: TRC20 USDT Surpasses Ethereum for the First Time in Half a Year

Big news in the stablecoin world—Justin Sun’s Tron network has officially overtaken Ethereum in total USDT issuance, reclaiming the top spot it lost half a year ago.

As of now, the total USDT in circulation exceeds $151.2 billion, making it larger than the GDP of over 130 countries—ranking it roughly as the 60th largest economy globally.

TRC20-USDT now leads with $75.7B issued, narrowly surpassing Ethereum’s ERC20-USDT at $74.5B. Together, the two chains dominate with over 99.36% of all USDT supply.

A Strategic Move That Paid Off

In April 2019, Tether launched TRC20-USDT—then a minor player behind Omni and ERC20.

Now, in May 2025, it’s a different story: TRON accounts for half of all USDT in existence.

Over the past week alone, TRC20-USDT smart contracts were called over 16 million times.

These interactions burned 49.36 million TRX (~$13M)—making up 96.87% of all burns on TRON, generating significant passive income for the ecosystem.

What’s Next for Sun’s Stablecoin Empire?

After integrating major stablecoins like USDT, USDC, TUSD, USDD, and USDJ, Tron’s ecosystem now connects to USD1, the new stablecoin launched by WLFI, where Justin Sun plays a key advisory role.

Whether USD1 becomes a major player—or just another token in the stablecoin war—remains to be seen. But with Sun Ge’s influence, TRON’s liquidity dominance, and the upcoming Trump-era regulatory climate, this could be a pivotal moment.

USDT is to TRON what the dollar is to global trade—and today, Tron just became the world's most-used blockchain for it.