TRON Surpasses Ethereum as Leading Network for Stablecoin Transfers

TRON has surpassed Ethereum as the leading network for USDT transfers. As of late August 2026, around 51.4% of all USDT is held on TRON, worth approximately $94.2 billion.

This significant share suggests that TRON is becoming the main network for moving dollars on-chain. One reason for its popularity is its low fees and fast transfers, making it a convenient choice for everyday payments worldwide.

However, TRON's dominance comes with some risks, including concentration risk and increased centralization. If TRON faces technical issues or regulatory action, it could affect a large part of the USDT market.