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TRON dominates 73% of stablecoin transactions in Sept 2026, tripling Ethereum's share with record USDT supply.

Protocol Fundamentals
19 Oct 2026
Crypto Briefing
View Source
Bullish
TRON dominates 73% of stablecoin transactions in Sept 2026, tripling Ethereum's share with record USDT supply.

In September 2026, TRON handled about 73% of stablecoin transaction volume, far surpassing Ethereum's 15%. This dominance is driven by a record high USDT supply on TRON, reaching $92.7 billion, which is about half of all Tether in circulation. TRON's network activity and transaction volume grew significantly in Q3 2026, with daily stablecoin settlements averaging $24 billion. The rise in small transfers under $1,000 indicates growing use among everyday users. Additionally, TRON generated $82.7 million in protocol fees in Q3, linking network usage to real revenue. The launch of the Canary Staked TRX ETF also marks increasing institutional interest in TRON's native token.

While TRON dominates stablecoin transactions with 73% of volume in September 2026, its native token TRX trades at Rp5.938 on Pluang as of Oct 20, 2026 04:02 WIB, showing a slight 0.35% decline in one day. TRX's market cap stands at Rp567.2 trillion, supported by a 24-hour trading volume of Rp7.14 trillion, reflecting active investor participation despite the recent dip. This contrasts with the broader stablecoin activity where TRON's network sees daily settlements averaging $24 billion, highlighting a strong ecosystem but a cautious short-term price movement in TRX.

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