The circulating supply of Tether’s USDT on the TRON network is nearing its all-time high, following two significant $1 billion mints last week.
On-chain data highlights that these large mints have pushed TRON’s total USDT supply to approximately $61.7 billion, reinforcing the network’s position as a dominant stablecoin hub.
On February 7, CryptoQuant analyst JA Maartun pointed out that the latest USDT issuance on TRON indicates increasing demand.
His post included a chart illustrating TRON’s USDT supply dynamics, where the purple area represents total supply, green bars signify newly minted USDT, and red bars indicate burned tokens.
The chart reveals that while some USDT has been burned in recent months, the amount minted far outweighs the reductions, bringing the total supply close to previous peak levels.
Two $1 Billion Mints Boost Supply
Over the past week, two notable $1 billion USDT mints have significantly impacted TRON’s stablecoin supply.
These consecutive mints highlight the scale of liquidity moving through the blockchain, indicating that major players in the crypto space are leveraging TRON’s network for large-scale transactions.
Historically, substantial USDT mints often precede increased trading activity, suggesting that institutional investors and market makers are positioning themselves for market shifts.
TRON has become a preferred network for USDT stablecoin transactions due to its cost-effective infrastructure and rapid settlement capabilities.
As a result, Tether has frequently chosen TRON for large issuances, many of which align with heightened market activity, particularly in Bitcoin and altcoin trading.
The surge in TRON’s USDT supply suggests a rising demand for stablecoins for general market liquidity or institutional trading.
Large mints of this nature typically indicate heightened trading activity. The presence of billion-dollar issuances on TRON reinforces its role as a key player in the global stablecoin movement.
Tether has consistently utilized TRON for its large-scale USDT transactions, a trend that has contributed to the blockchain’s overall growth.
The recent increase in USDT mints further cements TRON’s status as a crucial settlement layer for digital asset transactions.
More recent data show that Tron (TRX) now generates more revenue from network fees than Ethereum (ETH).
Network fee spikes occurred frequently throughout 2021 and early 2022 during bull market periods, according to CryptoQuant data.
Network fees from Tron have continued to increase consistently as Ethereum experiences wilder price fluctuations in fees.
Ethereum reached its highest fee revenue levels when network congestion peaked due to DeFi and NFT activities.
The post-2022 fee revenue from Ethereum shows irregular patterns because Layer 2 networks have improved mainnet congestion while users have shifted their demands.
Tron demonstrates steady fee growth, indicating expanding on-chain usage and stable transaction quantity.
Stablecoins Surpassing Traditional Finance Networks
The rise in TRON’s USDT supply aligns with a broader trend in the stablecoin market.
As earlier reported, stablecoins processed a total transaction volume of $15.6 trillion, surpassing Visa’s $13.1 trillion in the same period.
TRON played a central role in this shift, accounting for a significant share of stablecoin transactions worldwide.
The report also highlights TRON’s dominance in emerging economies where stablecoin adoption has surged.
These regions increasingly prefer blockchain-based transactions over traditional financial systems due to lower costs and faster processing speeds.
In December 2024 alone, daily stablecoin transactions surpassed $270 billion, with TRON being one of the most active networks.
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