On the Tron network, USDT overwhelmingly dominates the stablecoin market. Analysis from CryptoQuant reveals USDT holds a commanding 98.5% of the total stablecoin supply, solidifying its position as the de facto standard for value transfers and trading.

This dominance is further underscored by USDT's circulating supply of $62.76 billion out of a near $64 billion total stablecoin supply on Tron. Competing stablecoins hold negligible market share: USDC (0.06%), USDD (1.15%), TUSD (0.26%), and USDJ (0.01%). While other stablecoins have seen flat supply since March 2024, USDT's continued growth cemented its leadership.

Beyond its sheer volume, USDT is crucial to Tron's liquidity. During periods of TRX price volatility, on-chain volume from centralized exchanges can reach $4–$5 billion daily. This highlights USDT's indispensable role in facilitating transactions and value transfers on the Tron blockchain.

IntoTheBlock data reinforces this, showing that 69% of all USDT activity—over 14 million transactions weekly—takes place on the Tron network, a significant increase from 61% at the end of January.

Further enhancing its usability, Tron founder Justin Sun recently announced on X that Tether's USDT will offer commission-free transactions on the Tron network, utilizing a "Gas Free" feature to eliminate the need for TRX gas fees.

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