Tron’s Stablecoin Push: Closing in on Ethereum Dominance

A new battle for stability coin dominance is brewing, with Tron steadily challenging Ethereum. Arkham Intelligence reveals that Tether, the world’s largest stablecoin issuer, minted another $1 billion USDT onto the Tron network on May 5th. This brings Tron’s total circulating USDT to $71.4 billion, just a hair behind Ethereum’s $72.8 billion, according to the latest Tether Transparency report.