Tron surpasses Ethereum to become the leading blockchain for Stablecoin transactions, driven by Tether’s $75 billion supply and lower fees, marking a significant change in the crypto ecosystem in 2025.
Tron captures nearly 50% of USDT Stablecoin market share
On a landmark shift, Tron trx Beyond Ethereum to become the largest stable trading network, mainly powered by tethers (USDT). Tron hosted over $75 billion in USDT as of May 19, 2025, capturing 49.55% Compared with Ethereum 40.79%.
Source: Defillama
The milestone comes as Tron’s USDT and USDC sales increased by $2.12 billion in a week, while Ethereum fell by $1.01 billion. Tron’s appeal lies in its low transaction fees (usually below $0.01), while Ethereum’s $0.14 and faster settlement times make it the preferred option for peer-to-peer transfers, especially in emerging markets such as Asia.
Learn more: USDC vs USDT comparison: Which Stablecoin is better?
Tron’s network now processes more than 8.3 million transactions per day and facilitates 29% of global Stablecoin transfers, surpassing the decline in Ethereum’s share. In 2025 alone, Tether created $16 billion in new dollars on TRON, including the $1 billion mint in mid-May, pushing its authorized supply to $74.5 billion for Ethereum.
Tron’s zero-cost USDT deal, launched in January 2025, further improving its advantages over Ethereum eth. The integration of the USD1 Stablecoin on TRON, announced in Token 2049 in Dubai, also highlights its growing ecosystem.
Ethereum remains the largest stable hosting network
Despite the loss of the title, Ethereum remains a powerful force in Stablecoin activity, with a chain chain volume of $900 billion in April 2025 powered by a diverse Stablecoin Mix including USDC and USDT.
Ethereum’s strength lies in its strong biased ecosystem, hosting complex financial applications that Tron has not yet matched. However, high gas charges and scalability issues have led to TRON’s liquidity, especially for large-capacity USDT transfers.
Tron’s near-zero charge and gas-free feature eliminates the need for TRX holdings, solidifying its lead. Nevertheless, Ethereum’s diversified stable product and institutional adoption makes it competitive, with USDC alone recording $500 billion in transactions in 2025.
The Stablecoin War highlights the future of multiple chains, and Tron leads efficiency and ethereum’s sophistication.
