Public blockchain data from sources like CoinMarketCap or CoinGecko

Tron Reaches $61.1B in Stablecoins, Second to Ethereum Amid Tether's Growth

Aug 18, 2024, 01:32 PM

Tron has become the second-largest blockchain for stablecoins, reaching $61.1 billion and capturing 37.9% of the market, up from $46.6 billion last year. Despite this growth, Ethereum remains the leading blockchain with $89.7 billion, commanding 55.7% of the stablecoin market. Tron boasts $60 billion in TRON USDT, highlighting its significant liquidity. The stablecoin market has seen a $2.21 billion increase in just eight days, driven by Tether's growth.