Tron Takes the Lead: USDT Supply Surpasses Ethereum’s in Stablecoin Race

Tron has officially overtaken Ethereum in total circulating USDT supply, marking a significant shift within the stablecoin market. According to CryptoQuant contributor Maartunn, on May 12th, Tron’s (TRX) USDT supply reached $73.8 billion, exceeding Ethereum’s (ETH) $71.9 billion mark. This marks the first time in almost two years that Tron has held this position as the top issuer of stablecoins. This surge is driven by factors such as low transaction fees, quick settlement times and a stable network. ]