The Tron blockchain has reached a major milestone in 2025 as the total supply of Tether’s USDT on the network crossed $80 billion, marking an all-time high and further cementing Tron’s dominance in the stablecoin space. This surge in supply, fueled by recent $2 billion in new USDT mints, has not only drawn attention to Tron’s infrastructure but also ignited fresh speculation around the future of TRX, the network’s native token.

Tron Doubles PayPal’s Customer Funds With USDT

Data shows that the current USDT supply on Tron more than doubles PayPal’s $39.2 billion in disclosed customer funds, underscoring the scale at which stablecoin transactions have evolved on blockchain platforms. Notably, Tron is now home to more USDT than any other blockchain, including Ethereum, Solana, and Aptos.

Two recent $1 billion USDT mints by Tether on the Tron blockchain highlight the demand for high-liquidity, low-cost transfers. As traditional finance grapples with rising fees and settlement delays, Tron continues to present itself as an efficient alternative for both individuals and institutions.

What’s Driving USDT Growth on Tron?

The explosive growth of USDT on Tron is largely attributed to two key advantages: low fees and fast transaction speeds.

• Transaction Fees: Sending USDT on Tron costs just a fraction of a cent. In contrast, Ethereum transactions, especially during peak network congestion, can cost more than $10. This makes Tron the go-to network for high-volume or low-value stablecoin transactions.

• Speed: Transactions on the Tron network are confirmed within seconds, enhancing the user experience for real-time transfers, remittances, and trading.

This efficiency is particularly valuable in emerging markets, where users rely heavily on peer-to-peer transfers for financial access. Regions such as Africa, Latin America, and Southeast Asia have become strongholds for Tron-based USDT usage.

Major crypto platforms, including Binance, OKX, Huobi, and TronLink, have played a pivotal role in boosting this growth by integrating TRC-20 USDT support across their services.

USDT Growth trigger TRX Price Speculation

As the stablecoin activity on Tron surges, attention is turning to TRX, the network’s native asset. At the time of writing, TRX is trading at $0.2722, reflecting a 2.24% gain over the last 24 hours. While modest, this increase is notable given the broader market volatility.

Market analysts suggest that if demand for USDT on Tron continues to rise, network activity will also increase, potentially driving greater demand for TRX, which is used to pay transaction fees and maintain network security.

Historically, blockchain utility tokens benefit from rising activity and adoption. If current trends persist, TRX could be poised for stronger upward movement, especially if stablecoin volume continues to grow.

Regulatory Watch: Growth and Risks

Tron’s recent success has also drawn attention from regulators and watchdogs. In 2024, Reuters reported that Tron had overtaken Bitcoin in transaction volume linked to entities under sanctions or flagged for illicit activity.

This raised concerns about compliance and oversight, particularly as Tron becomes more embedded in global financial flows.

In early 2025, Circle, the issuer of USDC, ended support for the Tron network, citing security concerns. While this removed a stablecoin competitor from the network, it also placed additional scrutiny on Tron’s operational transparency and governance.

Additionally, a U.S. Senate bill passed in June 2025 aims to regulate stablecoins across all chains. While its full impact remains to be seen, the bill could affect how USDT is issued, used, and monitored on Tron and other blockchains.

What’s Next for Tron and TRX?

Despite the regulatory headwinds, Tron’s trajectory remains upward. The network’s infrastructure, scalability, and low fees have created a robust ecosystem for stablecoin usage.

With more than 730,000 active USDT wallets on Tron compared to just 79,000 on Ethereum, user preference is clear. Tether’s minting behavior also signals confidence in the chain’s reliability and efficiency.

If Tron continues to dominate the stablecoin utility layer of crypto, TRX may follow suit, benefiting from higher transaction volumes, increased staking demand, and deeper institutional engagement.

As the year progresses, all eyes will be on how Tron navigates regulatory developments, how TRX responds to growing usage, and whether Ethereum or other chains can reclaim market share in this rapidly evolving segment.