Recent data indicates that the supply of Tether ($USDT) on the TRON network has reached $81.77 billion, marking a record high. This increase illustrates the importance of TRON as a primary destination for stablecoin transfers.
Trend of USDT Supply and Price of TRON
Historical observations show that the price of the native TRON (TRX) token often moves in parallel with the supply on the TRON network. A prominent example occurred in 2021, when the supply of USDT on TRON expanded to $30 billion, starting from around $900 million. During this period, TRX increased by 908%, rising from $0.013 to $0.118. Current analysis indicates that this trend is replicating in 2024 and 2025.
Ecosystem Growth and Network Activity
An increase in the supply of $USDT can also serve as an indicator of the ecosystem's expansion. Stablecoin liquidity supports the sustainability of decentralized applications and DeFi protocols. This rising activity in turn attracts new developers and users, enhancing the overall utility of the network.
Market Influence and Prospects
The massive spike in $USDT volume on TRON is seen as a key factor driving activity on the network. Additional $USDT typically signifies more users, more frequent transfers, and overall activity on the platform. As $USDT is widely used for remittance and DeFi, TRX has become a popular blockchain for transactions due to its efficient performance and low fees.
In conclusion, the record increase in Tether's supply on TRON highlights the growing significance of this network for users and developers within the realm of stablecoins and decentralized finance.
