TRON Dominates Stablecoin Rail with Record-Breaking USDT Holdings

TRON's dominance in the stablecoin rail is undeniable. With over $90 billion in circulating USDT, which accounts for more than 47% of all USDT, TRON surpasses Ethereum. Daily transactions on the network amount to around $22 billion, and a staggering $2 trillion was transferred in Q1 alone.

The stablecoin rail has traditionally required exchanges or bridges to access liquidity from other chains. However, Hyperlane's permissionless messaging solution now enables seamless connectivity with over 150 chains. TRON also joined Mastercard's Crypto Partner Program, further expanding its reach.

In the realm of tokenized credit, Securitize issued HLSCOPE on TRON, marking the first Securitize asset on the network. The entry price dropped from $2 million to just $10,000, with a yield of around 5.8%. Although still in its early stages, the total value locked is currently at $4.28 million.