Stablecoins on Tron saw their market capitalization grow by $256.5 million over seven days, representing the largest increase among tracked blockchains for the week ending November 3, 2026, according to Token Terminal. Tron’s total stablecoin market capitalization reached approximately $94.27 billion, with Tether’s USDT accounting for 97.9% of the supply after exceeding a record $92.7 billion. In the third quarter of 2026, Tron settled about $2.21 trillion in stablecoins, averaging $24 billion per day, and handled 73% of all stablecoin transfers worldwide. Its low fees and fast transaction finality have helped it surpass Ethereum in stablecoin settlement volume. However, Tron’s position remains heavily dependent on a single issuer, Tether, which supplies nearly all of the network’s stablecoins.
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