TRON stablecoin supply hits $94.27 billion as USDT dominance grows
TRON (TRX)
Editor:
Eugene Serbin
cryptobriefing.com reports that TRON has added approximately $4.8 billion in stablecoin market capitalization over the past 90 days. By early September, the network’s USDT supply reached an all-time high of roughly $94.27 billion, surpassing Ethereum’s $78.7 billion by a widening gap of more than $9 billion. This growth is driven by the low costs of the TRC-20 standard, which attracts high-frequency remittance users and merchants in emerging markets.
TRON now commands approximately 28-29% of the global stablecoin market share, processing an average of $23 billion daily in stablecoin transactions. The volume is primarily generated by peer-to-peer transfers and cross-border remittances rather than DeFi speculation. Over the full year to date, TRON’s stablecoin supply has surged by an estimated $12 billion, indicating an established trajectory rather than a temporary spike.
The network’s dominance reshapes perceptions of value, positioning TRON as a cheap and reliable settlement layer compared to Ethereum’s composability or Solana’s trading speed. However, the network faces concentration risk as its relevance hinges almost entirely on Tether’s USDT. If regulatory action targets Tether or if it favors another chain, TRON could see a rapid shift in its market position. Circle’s USDC has a minimal footprint on TRON, leaving little natural backup for the ecosystem.
How the market reacted
Whalio's own Binance spot order flow for TRX, measured when this story was written up on 18 September 2026. Not the outlet's figures.
TRX is trading at $0.3350 with a 24-hour buy ratio of 50.3%, indicating balanced buying and selling pressure over the last day. In contrast, the 1-hour buy ratio is 47.4% and the 4-hour ratio is 38.2%, suggesting that buying pressure is currently fading in the short term. The 24-hour volume delta is positive at $119,871, while the 1-hour and 4-hour deltas are negative, showing that recent selling has offset earlier buying. The cumulative volume delta (CVD) for the 24-hour period is +$6,362,712, indicating net buying pressure has accumulated over the full day despite recent outflows. Net buying occurred for 16 of the last 24 hours, with a total spot volume of $17,610,439 recorded. This data reflects a market that has absorbed selling pressure but is showing weaker immediate demand.
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 49.5%, with the latest day showing a slight increase of 0.9 percentage points. However, the current spot volume is only 0.57 times the weekly average, indicating significantly lower trading activity than usual. The price has declined by 1.5% over the eight-day period, with a total volume delta of -$1,613,011. Net buying occurred on only 4 of the 7 days, highlighting a lack of consistent upward momentum. This represents an unusual day for the coin, characterized by volume well below the weekly average despite a marginally improved buy ratio.