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Tron leads stablecoin growth with $256.5M added, driven by USDT dominance.

Protocol Fundamentals
03 Nov 2026, 18:59 WIB
Crypto Briefing
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Bullish
Tron leads stablecoin growth with $256.5M added, driven by USDT dominance.

Tron's stablecoin market cap grew by $256.5 million in the week ending November 3, 2026, the largest increase among tracked blockchains. This growth is almost entirely due to Tether's USDT, which makes up about 97.9% of Tron's stablecoin supply, hitting an all-time high of over $92.7 billion. Tron settled around $2.21 trillion in stablecoins in Q3 2026, averaging $24 billion daily, and accounted for 73% of total stablecoin transfers, thanks to its low fees and fast transactions. While Tron holds a 30.2% share of the global stablecoin market, its stablecoin activity is heavily tied to USDT, highlighting its role as a payments network rather than a storage vault.

Tron's stablecoin surge contrasts with Tether's steady trading on Pluang, where USDT holds a market cap of Rp3.241,6 trillion and trades at Rp18.154 as of November 4, 2026, 00:23 WIB. Despite the recent large weekly gain in Tron's stablecoin market cap, USDT's price shows a modest 0.23% increase over the past day. This highlights Tron's role in stablecoin transfers while USDT remains a dominant, stable asset in the market.

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