Tron Surpasses Ethereum as Largest USDT Host, Hits $89B Market Cap

Tron has surpassed Ethereum as the largest host of Tether's USDT stablecoin, growing its market cap to $89.2 billion in Q2 2026.

The blockchain's gasless transaction feature boosted adoption in emerging markets, particularly Africa and Latin America, with Tron capturing 52% of global USDT transfers below $1,000.

Tron set records with 11.8 million daily transactions and 3.6 million active addresses, driven by stablecoin payments and crypto card settlements.