TRX Targets Rebound as Tron’s USDT Supply Surpasses $80 Billion
TRX, the native cryptocurrency of the TRON network, is hinting at a potential recovery as the blockchain celebrates a significant milestone in the stablecoin arena. The total circulating supply of Tether (USDT) on Tron has now crossed the $80 billion mark, solidifying its position as the leading platform for USDT issuance.
According to a June 24 analysis by CryptoQuant contributor Maartunn, Tron has seen remarkable growth in USDT supply since late 2020. During the 2021 bull market, supply surged from under $7 billion to over $39 billion. By November 2024, Tron overtook Ethereum in total USDT supply for the first time in three years.
The momentum carried into 2025, with USDT supply climbing from $59.76 billion at the start of the year to more than $80.76 billion by mid-June. However, this expansion in stablecoin circulation contrasts with a decline in Tron’s total value locked (TVL), which fell from around $7.5 billion in January to approximately $4.3 billion, according to DefiLlama.
With TRX showing early signs of recovery, market watchers are eyeing how Tron’s dominance in the stablecoin sector might fuel its broader ecosystem growth.