USDT Supply Surpasses $150 Billion — Tron Overtakes Ethereum as Dominant Network

This reflects growing demand for stable digital assets amidst rising crypto adoption and market activity.

As of now, USDT’s total circulating supply stands at approximately $150.39 billion, with the token maintaining its 1:1 peg to the U.S. dollar.

What’s particularly noteworthy is the shift in dominance among blockchains hosting the stablecoin. Tron now holds a 48.57% share of all circulating USDT, equating to $73.05 billion, surpassing Ethereum’s 42.3% share.

This flip in network dominance underscores Tron’s role as a cost-efficient, high-speed platform for stablecoin transactions—especially popular in emerging markets and for peer-to-peer transfers. Ethereum, despite being the foundation for much of the early stablecoin infrastructure, continues to see migration due to its higher gas fees and scalability concerns.

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The remainder of USDT supply is distributed across a number of other blockchains including Binance Smart Chain (BSC), Solana, Avalanche, Polygon, and newer players like Aptos and TON, each holding less than 4% share.

As the stablecoin market matures, this latest development reinforces the growing importance of network efficiency and transaction cost in determining the future of global stablecoin adoption.

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