Stablecoins are becoming a key part of crypto adoption. Among them, $USDT leads the way, and its largest network (TRON) is setting new records. In May alone, $694.54 billion worth of USDT was transferred on TRON. That’s an all-time high (ATH).
Let’s dig in 🧵
2/ Whales dominate the activity.
~59% of May’s USDT volume on TRON came from transactions over $1M. That’s $411.2B in large transfers alone.
3/ TRON now holds the most stablecoins across all chains.
Here’s the current stablecoin breakdown:
- USDT (TRC-20): $75.7B
- USDT (ERC-20): $71.4B
- USDT (Other): $4.1B
- USDC (All chains): $60.6B
4/ $1B+ mints are becoming common.
So far in 2025, there have been 17 mints of $1B+ USDT on TRON (TRC-20). And we’re only halfway through the year.
5/ The TRON network is also seeing the impact of USDT’s growth. It has now processed over 10.5 billion transactions, reflecting its increasing on-chain activity.
Written by maartunn
