- TRON now holds more USDT than any other blockchain and keeps growing every single day.
- USDT’s share in the total crypto market has dropped from over 6% in April to just 4.41% in May.
- USDT’s dominance keeps falling as RSI nears oversold, as resistance stays firm at 4.82%.
TRON has officially reached $75 billion in USDT circulating supply, surpassing all blockchain competitors. This milestone cements TRON’s position as the leading network for Tether transactions, outperforming Ethereum, Binance Smart Chain, and other chains in both volume and reliability. However, this development comes at a time when the stablecoin is facing a downturn, with USDT’s overall market dominance dropping to 4.41%. This decline raises questions about changing investor priorities in the crypto space.
TRON Becomes the Primary Network for USDT Transfers
CryptoRank data shows TRON leading with $75 billion in USDT, while Ethereum trails at $63 billion. Binance Smart Chain holds $5.9 billion. Other networks like Solana ($2.3 billion), TON ($898 million), Arbitrum ($822 million), Polygon ($791 million), and Avalanche ($770 million) remain far behind. TRON’s surge is attributed to low transaction costs and reliable performance for high-volume transfers.
The network’s architecture supports fast, scalable transactions, which make it ideal for stablecoin users, especially in DeFi and cross-border settings. Users seeking speed and savings continue to favor TRON.
USDT Market Share Drops Amid Investor Rotation to Altcoins
As of May 23, 2025, USDT’s market dominance dropped to 4.41%, down from April’s high of 6.18%, showing a persistent decline. Chart data from TradingView indicates a downward channel with resistance at the 0.786 Fibonacci level of 4.82%. The Relative Strength Index sits at 31.22, near oversold levels, suggesting heavy selling pressure.
Related: Meta Plans Support for USDT and USDC in Platform Payments
Additionally, a fair value gap between 4.82% and 5.11% remains unfilled, limiting recovery prospects unless sentiment shifts. Market preference appears to be rotating toward higher-risk digital assets.
Consequently, investors are reallocating capital from stablecoins like USDT to more volatile assets, including DeFi tokens. This shift aligns with rising attention toward high-growth ecosystems such as Hyperliquid, where recent gains have attracted considerable liquidity.
