TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Market Growth
TRON now hosts more USDT than Ethereum as stablecoin adoption continues to rise.
TRON now hosts more USDT than Ethereum as stablecoin adoption continues to rise. Ethereum (ETH) is trading at $2,249.71. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Mon, 02 Nov 2026 21:15:03 UTC.
This shift highlights the evolving landscape of stablecoin usage and blockchain dominance, with potential implications for DeFi and transaction costs.
- TRON's average USDT supply exceeded Ethereum's in Q3 2026.
- USDT's total circulating supply stands at $178.76B.
- TRON's stablecoin growth may impact transaction fee dynamics.
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- TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Market Growth — this brief
TRON has surpassed 
Ethereum in terms of average USDT supply during the third quarter of 2026, according to Token Terminal's Q3 report. This development marks a significant shift in the stablecoin landscape, with TRON now hosting a larger share of USDT than its major competitor.
The report, published on November 2 and shared by TRON DAO, highlights that TRON's stablecoin balances and monthly active addresses have achieved record quarterly averages. This suggests a growing preference for TRON as a platform for stablecoin transactions and holdings.
USDT's total circulating supply is currently $178.76B, according to DeFiLlama, underscoring the stablecoin's significant role in the broader cryptocurrency market. TRON's rise in USDT hosting could be attributed to its lower transaction fees and faster transaction times compared to Ethereum.
The broader cryptocurrency market remains relatively flat, with a total market cap of $2.65T. 
Bitcoin is down 1.00% in the last 24 hours, while Ethereum has seen a slight decrease of 0.20% over the same period. TRON, on the other hand, has experienced a 1.38% increase in its price during the past day.
This development may have implications for the DeFi ecosystem, as it could influence where users choose to conduct transactions and hold their stablecoins. The shift in USDT supply could also impact the dynamics of transaction fees and network congestion across different blockchains.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,248.17 to $2,249.71 — +0.07%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.10M (about $2,249.71), down 0.6% over 24 hours. The naira itself trades about 2.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Marke — questions & answers
What is the current circulating supply of USDT?
USDT's circulating supply is $178.76 billion, according to DeFiLlama.
Why did TRON overtake Ethereum in USDT supply?
TRON likely surpassed Ethereum due to its lower transaction fees and faster transaction times.
How does this affect the broader cryptocurrency market?
This shift could influence where users conduct transactions and hold stablecoins, potentially impacting DeFi and transaction fee dynamics.
How much is 1 Ethereum worth in naira today?
About ₦3.10M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,249.71. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.07% since this brief first published — trading at $2,249.71 now versus $2,248.17 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.