TRON handles about 73% of stablecoin transaction volume in September 2026

The network moved nearly three times Ethereum's share of stablecoin volume as USDT supply on TRON reached a record high TRON accounted for about 73% of stablecoin transaction volume in September 2026. Ethereum , its closest rival, held roughly 15%. The figure matters because stablecoins have become the plumbing of crypto. Whoever controls the pipes controls where much of the money actually moves. The dominance rests on a deep pool of Tether . USDT supply on TRON hit a record of roughly $92.7 billion during the third quarter of 2026. Global USDT supply, meanwhile, held about flat at $184 billion. So TRON now hosts around half of all Tether in circulation, and its slice grew while the overall pie did not.

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