TRON added roughly $4.8 billion to its stablecoin market capitalization over 90 days, driven mainly by Tether’s USDT. Its stablecoin supply reached approximately $89.2 billion in the second quarter of 2026, up 4.1% from the prior quarter, while USDT supply exceeded $94 billion by early September and reached an all-time high of roughly $94.27 billion. TRON hosted $87.9 billion in circulating USDT in Q2, compared with $78.7 billion on Ethereum, as lower fees on TRON’s TRC-20 standard attracted remittance users, over-the-counter desks and merchants in emerging markets. The network processed $681 billion in stablecoin transactions during the month before mid-July 2026, averaging about $23 billion a day, largely through peer-to-peer transfers, merchant settlements and cross-border remittances rather than DeFi speculation or yield farming. TRON’s stablecoin supply has risen an estimated $12 billion year to date despite contractions in parts of the broader market. Its position is concentrated in USDT, leaving the network exposed to regulatory action against Tether or any decision by Tether to prioritize another chain; USDC has only a minimal presence on TRON compared with Ethereum and Solana.