Tron Gains $5B in Stablecoin Supply as Trump Considers Stablecoin Initiative
TRON (TRX)
Editor:
Eugene Serbin
cryptotimes.io reports that the stablecoin market capitalization reached $300.9 billion on October 1, 2026, according to data from the RWA Foundation and Token Terminal. Tron saw its stablecoin market capitalization rise by $5.0 billion, a 5.6% increase that brought its total to $93.9 billion. This growth accounted for approximately 60% of the combined $8.4 billion added by the top 10 chains during the trailing 90-day window.
Ethereum’s stablecoin market capitalization fell $4.9 billion over the same period, while HyperEVM ranked second with a $1.5 billion increase. Among issuers, Circle added $915.0 million and Ripple added $765.3 million, while Tether declined by $207.7 million. Tether held 61.0% of stablecoin supply and Circle held 24.8%, together accounting for 85.9% of the market.
The Trump administration is considering an initiative to promote U.S. dollar-backed stablecoins outside the United States through possible joint ventures. Meanwhile, Tetra Digital Group expanded its Canadian-dollar stablecoin CADD to Solana, and El Salvador is building a state-backed wallet with Modveon on Coinbase’s Base network.
How the market reacted
Whalio's own Binance spot order flow for TRX, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio’s Binance spot data for TRX shows a price of $0.3348 with a 1-hour buy ratio of 69.1% and a 4-hour buy ratio of 62.1%. These short-term figures are significantly higher than the 24-hour buy ratio of 41.6%, indicating that buying pressure is building in the immediate term. The 1-hour volume delta is positive at +$416,265, and the 4-hour delta is +$1,146,622, suggesting recent inflows are outweighing outflows. However, the 24-hour volume delta is negative at -$5,923,896, showing that net selling has dominated the full day despite recent buying. The cumulative volume delta (CVD) for the 24-hour close is +$1,044,779, reflecting net buying over the full period. Spot volume for the day reached $35,090,235 across 87,798 trades.
The latest daily buy ratio of 49.7% sits at the 33rd percentile of the last 322 days, against a median of 52.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TRX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.2%, making today’s 24-hour ratio of 41.6% an unusual day with 8.6 fewer points of buying interest. Volume was 1.35 times the weekly average, indicating heightened activity despite the lower buy ratio. The coin experienced a price change of -1.6% over the 8-day period, with a total volume delta of -$11,323. This context suggests that while recent short-term flows are positive, the broader weekly trend has seen net outflows and price decline. Today’s activity represents a deviation from the weekly average in both volume intensity and directional bias.