Tron has overtaken Ethereum as the dominant network for USDT, with the stablecoin supply on its blockchain reaching $94.27 billion following a $4 billion monthly surge. By the end of Q2 2026, Tron was already hosting $87.9 billion in circulating USDT compared to Ethereum’s $78.7 billion. USDT accounts for 98.5% of all stablecoins on Tron, and the network processed $2.1 trillion in USDT transfers during Q2 alone. Daily USDT transfer volumes on Tron frequently exceed $20 billion, driven by a user base that has grown past 400 million accounts.
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