余烬|Jul 11, 2026 03:14
[Stablecoin Issuance Declines, But USDT on Tron Defies the Trend and Grows]
In recent months, due to the overall sluggish market in the crypto sector, the issuance of the two leading stablecoins, USDT and USDC, has decreased by approximately $13.9 billion: USDT dropped by about $7.4 billion, and USDC by about $6.5 billion. However, this slight decline in issuance hasn’t affected the rapid adoption of stablecoins in various financial scenarios. Instead, it feels more like a 'survival of the fittest' moment.
In just the first half of this year, stablecoins have already achieved an ATV (actual transaction volume) of $8.82 trillion, compared to $10.8 trillion for the entire year when BTC hit its all-time high. Among this, USDT accounts for more than half of the contribution.
This brings us to an interesting data point that reflects who is truly using stablecoins: despite the overall decline in issuance, the amount of USDT issued on the Tron chain has reached a new high of $90.3 billion, increasing by $2 billion in just the past month. While the overall trend for stablecoin issuance is declining, USDT on the Tron chain continues to flow in.
In other words, the reduction is primarily happening on Ethereum, where USDT is mainly used for DeFi adoption. As we all know, while Tron also has DeFi, it’s not the chain where funds and users are concentrated. Tron’s strength lies in areas like remittances, payments, and settlements.
So, we can draw a simple conclusion: although stablecoins are affected by the crypto market downturn, leading to a decline in DeFi adoption demand, the real demand for scenarios like remittances, payments, and settlements is still steadily growing. And these are precisely the areas where Tron has been deeply focused for years, pulling far ahead of other stablecoins.
@justinsuntron
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