TRON’s emergence as the go-to blockchain for stablecoin transactions has fundamentally reshaped the crypto payments sector, positioning the network as a key player in high-frequency, low-cost transactions. According to the latest CryptoQuant report, TRON processed $23.4 billion in daily USDT transfers in 2025, a record-breaking figure that eclipses Ethereum’s $10.5 billion daily volume.

Driving Factors Behind TRON’s Dominance

TRON’s success in the stablecoin market is driven by three key factors:

1. Ultra-Low Fees: Transaction costs on TRON are significantly lower than those on Ethereum, making it a more attractive option for retail and remittance transactions.
   
2. Speed and Efficiency: With near-instant confirmation times, TRON enables users to move funds quickly and reliably, critical for cross-border payments.
   
3. Global Accessibility: TRON’s extensive network reach and user-friendly architecture have made it the preferred network for emerging markets, where every cent saved in fees matters.
   

This strategic focus has allowed TRON to outpace Ethereum in terms of USDT supply and transaction volume.

USDT’s Migration from Ethereum to TRON: A Telling Trend

The report reveals a significant migration of USDT supply from Ethereum to TRON. As of 2025, TRON holds $75.8 billion worth of USDT, surpassing Ethereum’s $68.4 billion share. This marks a dramatic shift in the stablecoin market dynamics, with TRON now accounting for over 51% of the total USDT supply.

The migration is particularly notable given Ethereum’s historical dominance in the stablecoin sector. However, as transaction fees on Ethereum remain higher and network congestion continues, users and developers have increasingly gravitated towards TRON for its cost-effective and scalable infrastructure.

Retail Payments and DeFi: TRON’s Expanding Use Cases

Beyond USDT, TRON’s role in the broader crypto ecosystem is also expanding. The network is positioning itself as a dedicated payment rail for retail transactions, supported by a growing roster of tokens actively used for payments and DeFi applications.

• Wrapped TRX (WTRX): With over 2.5 million transfers, WTRX is a major driver of activity on TRON’s decentralized exchanges, indicating robust DeFi participation.
  
• PayNet Coin: Registering 1.3 million transfers, PayNet Coin is increasingly being used for cross-border payments and retail transactions.
  
• USDD: Although relatively new, USDD has already notched 427,000 transfers, showing early signs of adoption as a payment-focused stablecoin.
  

CryptoQuant’s data suggests that TRON’s emphasis on payment-driven transactions is paying off, with the network emerging as a leading blockchain for retail-focused applications.

Ethereum vs. TRON: Two Diverging Paths

While Ethereum continues to focus on DeFi and complex smart contract use cases, TRON has effectively positioned itself as the preferred network for stablecoin payments, especially in emerging markets.

This divergence is underscored by TRON’s ability to handle over 2.4 million USDT transfers daily, compared to Ethereum’s 284,000. The gap is widening, and with TRON’s transaction volume accelerating, Ethereum may find itself increasingly relegated to the DeFi and enterprise sectors, while TRON cements its role as a high-frequency payment network.

What’s Next for TRON?

With its dominance in USDT transactions firmly established, TRON is expected to expand its footprint in retail payments and cross-border remittances. The network is also exploring additional stablecoin partnerships, further cementing its reputation as a global payment infrastructure.

As TRON continues to scale, the platform could potentially integrate new payment-focused protocols, targeting unbanked populations in emerging markets and positioning itself as the preferred network for low-cost, high-frequency transactions.