TRON Stablecoin Share Rises to 28.7% as USDT on Network Hits $89 Billion
TRON’s share of the total stablecoin market capitalization reached 28.7% in the second quarter of 2026, up from 27.3% in March. USDT on the network hit just over $89 billion, representing roughly 47% of a global supply that stayed flat near $184 billion.
Network activity is concentrated in retail peer-to-peer transfers, which accounted for roughly 93% of stablecoin volume as of June 30, the highest among tracked chains. This transaction volume generated $89 million in quarterly fees, trailing Hyperliquid’s $199 million but surpassing Ethereum’s $52 million. The blockchain also captured 34% of total crypto-card spending, as card transaction volumes grew to $2.4 billion.
From the sources (4 posts)
@coindeskConsumer spending followed the same pattern as TRON's share of crypto-card volume rose to 34%, the highest of any chain, as total card volumes grew from $2.0B in Q1 to $2.4B in Q2.
@coindeskThat usage converted into fees as total fees on TRON reached $89M in Q2, second only to Hyperliquid at $199M and ahead of Ethereum at $52M.
@coindeskThe activity behind that supply is retail and peer-to-peer. as ~93% of TRON's stablecoin transfer volume was P2P as of 30 June, the highest of any tracked chain. Its share of sub-$1,000 USDT transfers among native-issuance chains rose from
@coindeskTRON's share of total stablecoin market cap rose to 28.7% in Q2 2026, up from 27.3% in March. USDT on the network reached an all-time high of just over $89B, roughly 47% of all USDT, even as the global USDT supply stayed flat near $184B. ht