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TRON Sets New USDT Stablecoin Transfer Record at $691B

  • TRON network has set a new record in USDT transactions, reaching $691 billion, leading the global stablecoin transfer volume.
  • In May, 27 whale wallets were involved in transferring $411 billion USDT in just 491 transactions on TRON.
  • TRON dominates the USDT supply, surpassing Ethereum and other blockchain networks.
  • CryptoQuant analyst Maarten shared data displaying a surge in USDT activity on TRON, with $694.5 billion transferred in May.
  • Large investors have been actively involved, with 27 whales accounting for over half of the USDT volume on TRON.
  • More than 10.5 billion transactions have been executed on TRON since 2018, with a rising trend, especially related to USDT usage.
  • TRON boasts the largest market capitalization of stablecoin USDT compared to other chains, with 75.7 billion USDT.
  • The stablecoin dominance of TRON is evident with $71.4 billion on Ethereum and $54.1 billion on other chains, as per recent data.
  • There have been 17 mints of over $1 billion USDT on TRON this year, indicating a significant shift in crypto use.

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