Tron’s $75 billion USDT supply and 29% share of global stablecoin transactions have made it the largest stablecoin network, surpassing Ethereum in May 2025. Tron overtakes Ethereum to become the leading blockchain for stablecoin transactions, driven by Tether’s $75 billion supply and lower fees, marking a significant shift in the crypto ecosystem in 2025. In 2025 alone, Tether minted $16 billion in new USDT on Tron, including a $1 billion mint in mid-May, pushing its authorized supply past Ethereum’s $74.5 billion.