- Tether mints $16B USDT on Tron, pushing net circulation to $75B, surpassing Ethereum in stablecoin dominance.
- Institutional-scale transfers align with Tron’s scalability, driven by low fees and peak liquidity during European and U.S. hours.
- Tron attracts enterprise capital with utility-focused demand, becoming a global financial layer for bulk transfers and settlements.
Tether has minted $16 billion USDT on the Tron blockchain in 2025, pushing the network’s total authorized supply to over $75.7 billion and overtaking Ethereum’s issuance. The activity highlights Tron’s role as a stablecoin superhighway, supported by low fees and scalable architecture.
Institutional-Scale Transfers Signal Planned Liquidity Deployment
According to a post by Lookonchain, a series of 13 structured USDT transfers, each exactly $1 billion, occurred between January 29 and May 15. The transactions were routed from the “Black Hole Address (T9yD1)” to a Tether-linked MultiSigWallet, signaling systematic issuance rather than ad-hoc movements.
These high-value flows occurred at irregular intervals, with spikes on March 28 and 31 indicating peak deployment phases. The use of MultiSigWallets for receiving funds underscores Tether’s risk controls, as these wallets require multiple signatures to authorize outgoing transfers.
Every transaction showed parity between the token and USD value, reinforcing the pegged nature of the stablecoin and highlighting operational consistency. The scale and cadence of these movements emphasize institutional planning aligned with liquidity demands on Tron.
Tron Now Leads in Net USDT Circulation by a Wide Margin
As of May 15, Tether’s balance sheet shows $75.7 billion in USDT authorized on Tron, with $75 billion in net circulation after adjustments for unissued amounts. Ethereum trails with $71 billion in net USDT, while Solana, Omni, and Tezos show significantly lower volumes.
Most TRON-based USDT transactions exceeding $1 million cluster between 07:00 and 15:00 UTC, aligning with the European and U.S. trading hours. This window, favored by institutions and OTC desks, reflects peak liquidity and elevated market maker activity.
Outside this time band, activity sharply declines, creating periods of lower volatility. The pattern, visualized via heatmaps, points to predictable cycles in high-volume remittance and cross-border settlement flows on Tron.
Tron Activity Surges on Utility Demand, Not Just Speculation
Recent movements in the sector have reshaped priorities, with capital flowing to Tron for its efficiency in handling bulk transfers and payment settlement. Tether’s dominance on Tron reflects this trend, as network demand is driven by enterprise use cases over speculative DeFi farming.
The latest stats show TRX priced at $0.273 with a 24-hour trading volume of $554 million, down 11.27% yet still representing over 2% of its $25.9 billion market cap. With no max supply cap and nearly 95 billion TRX in circulation, Tron remains highly liquid.
Daily mid-sized wallet activity is climbing, further validating Tron’s role as a real-time financial layer. Tether has also announced a freeze on USDT balances on legacy chains like Omni and EOS starting September 1, consolidating focus on high-volume blockchains.
