USDT on TRON hits $94.26 billion, Tether accounts for 98.5% of stablecoins
- —USDT supply on TRON was $94.26 billion as of September 19
- —Tether's share of TRON stablecoins at the end of Q2 was 98.5%
- —USDT on TRON was $87.9 billion versus $78.7 billion on Ethereum
- —Quarterly USDT transfer volume on TRON was $2.1 trillion
Why it matters: TRON remains the largest network for USDT transfers, but its near-total dependence on Tether makes its ecosystem vulnerable to the issuer's decisions.
Source: TokenPost