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USDT Dominance on the Tron Network Reaches 98.5% of Stablecoin Supply
The Tron network has become home to a clear dominance in the stablecoin market, with USDT commanding 98.5% of the total supply. Data from CryptoQuant shows that USDT has become a key asset on this network, with a circulation reaching US$62.76 billion out of nearly US$64 billion total stablecoins.
USDT not only dominates the supply but also plays a crucial role in Tron liquidity. Daily on-chain USDT volume from centralized exchanges ranges from US$4 billion to US$5 billion, particularly increasing during high TRX price volatility.
Meanwhile, other stablecoins like USDC and TUSD hold very small market shares, at 0.06% and 0.26% respectively.
Data from IntoTheBlock reveals that the Tron network processes over 14 million USDT transactions per week, accounting for 69% of all USDT activity. This figure shows a significant increase compared to 61% at the end of January.