Just now, while checking Tether information, I found that the USDT issued on Tron has risen to the first position, surpassing 75.7 billion USD, leading the second place Ethereum by 1.2 billion USD. It is worth noting that Tether has issued a total of 151.2 billion USD in USDT, meaning that the quantity of stablecoins on Tron has exceeded 50% of the total USDT issuance.

In the past, this position was always held by Ethereum. I didn't even notice when USDT on Tron started to increase so much. I originally thought that after the transaction fees on TRC20 were raised, the number of users would decrease, but unexpectedly, not only did it not decline, but it also rose to the first position.

Recently, the United States has been committed to the compliance of stablecoin demand, and both parties are discussing stablecoin legislation. Even the Trump family is issuing stablecoins, and USDC is collaborating with Binance. From various signs, it seems likely that the coming year will be a breakout year for stablecoins, making it a competitive area for more compliant stablecoins on that chain, likely a battleground for major public chains.

Currently, USDT is widely used on Tron, while USDC has the highest issuance on Ethereum, with less than 40 billion USD. Apart from that, there is also some issuance on Solana, but it is less than a third of Ethereum's. Therefore, it can be seen that the current competition for stablecoins is still likely to be between Tron and Ethereum.

Considering Trump's nature as a businessman, if Justin continues to spend money to hire a consultant (USD1 is issued by World Liberty Financial, and Justin himself is a consultant for WLFI), it might really become interesting.