Over $4 billion has flowed back into stablecoins this month, marking a significant rebound after nearly $15 billion was withdrawn between late Q2 and early Q3, a period during which the total crypto market cap dropped nearly 30%. TRON has emerged as the main beneficiary of this shift, now holding $94 billion in USDT in circulation with approximately $25 billion in monthly stablecoin transfers, while Ethereum has seen its USDT supply decline from roughly $182 billion to $163 billion. The DeFi-TradFi convergence is accelerating, as evidenced by the Citi-Coinbase and Circle-Volante partnerships for institutional stablecoin payments, which could propel TRON toward a strong Q4.
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