Usman Salis
In a game-changing moment for the crypto world, Justin Sun's Tron blockchain has seen its USDT (TRC-20) supply surpass Ethereum's version for the first time in stablecoin history.
Well, it finally happened. After years of playing catch-up, Tron (TRX) has just pulled off what many thought impossible in the stablecoin arena. For the first time ever, there's now more Tether (USDT) floating around on Tron than on Ethereum. This isn't just another day in crypto – it's a major power shift in a market that Ethereum has dominated since, well, forever.
Tron (TRX) Hits Massive $73.8B in USDT, Leaving Ethereum in the Dust
Talk about a plot twist! The TRC-20 flavor of USDT has ballooned to a mind-boggling $73.8 billion market cap, officially crowning it as the top dog version of the world's biggest stablecoin. Meanwhile, Ethereum (ETH) – the long-reigning champ – is now playing second fiddle with $71.9 billion. CryptoQuant's analyst JA Maartunn broke the news on X, and crypto Twitter has been buzzing ever since.
In his breakdown, Maartunn emphasized what a big deal this is – the first-ever "flippening" between these two blockchain heavyweights in USDT's entire history. This shakeup could signal a major shift in how users are choosing to move and store their stablecoins.
Justin Sun Couldn't Be Happier as Tron (TRX) Claims the USDT Crown
As you'd expect, Tron founder Justin Sun wasted no time celebrating this milestone on X:
And these aren't just empty claims – Tether's own Transparency portal backs it all up. The numbers don't lie: Tron is currently home to $73,169,319,028 in circulating USDT, while Ethereum hosts $71,696,312,783. That's roughly a $1.5 billion lead that firmly establishes Tron's new position at the top of the USDT food chain.
Interestingly though, Ethereum still edges out Tron in the "Total Authorized" category, with $74,547,745,201 in USDT authorized on its network – about $600 million more than Tron. So while more USDT is actively moving around on Tron right now, Ethereum still has slightly more room to grow on paper.
TRX Price Jumps 5.3% While Other USDT Chains Can't Keep Up
No surprise here – TRX (Tron's native token that powers all those transactions) shot up 5.3% when the news broke. The price topped out at $0.2753 as investors clearly liked what they were seeing about Tron's growing dominance in the stablecoin world.
But here's the kicker – despite stablecoins hitting all-time highs, the smaller USDT versions on chains like Solana, TON, Aptos, Avalanche, and Tezos are still struggling to gain traction. Combined, they account for less than 10% of all USDT out there.
This bottleneck of USDT on mainly just Tron and Ethereum shows how these two networks continue to dominate the stablecoin game, even as newer, flashier blockchains try to carve out their own piece of the pie.
What This Means for the Future of Tron (TRX) and Stablecoins
Look, this isn't just some random crypto stat to flex about on social media. This flippening between Tron and Ethereum signals a real shift in how people are using these networks. Let's be honest – Tron has always been faster and cheaper than Ethereum, and it looks like users are finally voting with their wallets.
For Tron and its TRX token, this could be just the beginning of something bigger. More USDT activity on Tron means more demand for TRX to pay those transaction fees. And more demand typically means one thing for prices – up.
Meanwhile, the fact that newer blockchains are still fighting for scraps in the USDT market shows just how hard it is to break into this space, no matter how fancy your tech is. Users and big money still seem to prefer the battle-tested networks of Tron and Ethereum when it comes to moving their stablecoins around.
As crypto continues its wild journey, this historic moment when Tron finally outpaced Ethereum in the USDT space will likely be remembered as a turning point in how blockchain financial infrastructure evolved. The king is dead, long live the king... at least until the next flippening.
Usman Salis
