Trons Network Near Ethereum in Tether circulation after major mint...
#TRON #Tether #USDT #Ethereum #Stablecoin
TRON’s network is closing the gap with Ethereum in Tether (USDT) circulation, a remarkable shift in the stablecoin landscape following recent major minting activity. As of early 2025, TRON’s USDT supply has surged to $71.71 billion, trailing Ethereum’s $72.6 billion by a mere whisker.
Recent reports highlight Tether’s aggressive minting spree, with 3 billion USDT minted across Ethereum (2 billion) and TRON (1 billion) in late April 2025. Since the start of the year, Tether has issued a staggering 12 billion USDT on TRON alone, reflecting growing demand for stablecoins amid stabilizing crypto markets. This minting frenzy underscores TRON’s appeal, driven by its low transaction fees and high-speed transfers, making it a go-to platform for DeFi protocols, gaming, and cross-border payments. TRON’s gas-free USDT feature, announced in February 2025, further enhances its edge, addressing user complaints about rising fees that peaked at $9 per transaction in late 2024.
TRON’s rise isn’t just about numbers; it’s a story of strategic focus. Unlike Ethereum, which boasts a diverse stablecoin ecosystem with USDC and others, TRON’s stablecoin pool is almost entirely USDT—99.25% of its $65 billion stablecoin value in March 2025. This concentration reflects Tether’s deliberate choice to prioritize TRON for native minting, leveraging its cost-effective infrastructure over Ethereum’s higher gas fees. TRON’s zero bridged value, compared to Ethereum’s reliance on cross-chain flows, highlights its specialized role as a stablecoin powerhouse.
However, challenges loom. TRON’s RSI slipping below 50 in April suggests potential price risks, and Ethereum’s diverse DeFi ecosystem still attracts users seeking more than just stablecoin transfers. Regulatory scrutiny, like the U.S. Congress’s stablecoin bill review, could also impact Tether’s operations.