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USDT Distribution Between Tron and Ethereum Shows Patterns Tied to Bitcoin’s Price

2025-07-23 18:15:37

Main Idea

The distribution of Tether (USDT) supply between Tron and Ethereum networks correlates with Bitcoin's price cycles, with Tron gaining dominance due to lower transaction fees and increased adoption.

Key Points

1. Tron's USDT supply ratio to Ethereum rose from 0.3 in 2019 to above 1.0 in 2022-2023, coinciding with Bitcoin's price peaks.

2. Tron first surpassed Ethereum's USDT supply in 2021 when Bitcoin reached $64,000, and its supply surged to $60 billion, exceeding $80 billion in 2025.

3. USDT supply expansion often mirrors broader market optimism, with supply peaks aligning with Bitcoin highs.

4. The USDT supply delta flipped from negative (favoring Ethereum) to positive (favoring Tron) in 2022-2023, with Tron now holding $3.9 billion more USDT than Ethereum.

5. Tron handled $6.94 million in USDT transfers on June 29, more than five times Ethereum's $1.31 million, highlighting its growing dominance in stablecoin transactions.

Description

The battle for stablecoin dominance has intensified amidst the broader market rally. New data suggests that the distribution of Tether (USDT) supply between Tron and Ethereum networks appears to alongside Bitcoin’s price cycles. USDT Rivalry In its latest post, CryptoQuant revealed that Tron’s USDT supply was just a fraction of Ethereum’s, with a ratio of 0.3 in 2019. However, by 2022-2023, the ratio climbed above 1.0, as a result of Tron’s rise due to lower transaction fees. Interestingly, Tron...

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AA News Crypto News ETHBTC ETHUSD TRXBTC TRXUSD Ethereum Tether (USDT) Tron
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