TRON USDT supply hits $70B, cementing its stablecoin dominance over Ethereum and Solana. With TRX eyeing a new ATH in May 2025 and Canary spot TRX ETF filing, is TRON the best crypto to buy?
TRON, Bitcoin, Solana, and other top altcoins, including meme coins, have stabilized after breaking above key liquidation levels. As bulls gain momentum, analysts observe that TRX, the native currency of the TRON smart contract platform, could emerge as one of the best cryptos to buy in 2025.
DISCOVER: 20+ Next Crypto to Explode in 2025
TRON USDT Supply Exceeds $70 Billion
Earlier today, TRON DAO, the decentralized governance body behind the network, announced that the circulating supply of USDT on TRON surpassed $70 billion.
TRON remains the preferred platform for USDT transfers at this milestone, solidifying its dominance over other blockchains like Solana and Ethereum. With USDT supply rising and crypto prices trending upward, analysts are asking: Will TRX break out and reach new all-time highs in May?
TRXUSDT surged to $0.45 late last year before cooling off as market momentum faded.
Technically, the uptrend remains, though TRX has moved sideways, down over 50% from its all-time high. If TRX bulls break above $0.30, prices could surge, retesting December 2024 highs in a bullish trend continuation that may also boost interest in some of the best meme coin ICOs to invest in 2025.
(TRXUSDT)
Tron is scalable, has low fees, and is reliable, boosting its place as a host for stablecoin transfers, particularly in emerging economies facing currency instability or limited banking access.
Justin Sun, the co-founder of TRON, attributed this growth to “collective efforts” across the crypto ecosystem:
“While we see this as a major achievement, it also reinforces our responsibility to continue building secure, scalable, and inclusive financial infrastructure. This progress results from collective efforts across the entire crypto ecosystem, and we remain committed to advancing real-world utility through stablecoin innovation.”
TRON Ecosystem Growing, Canary Applies for Spot TRX ETF
TRON had over 2.6 million daily active addresses at press time and, cumulatively, more than 302 million accounts.
(Source)
More data from DeFiLlama shows that TRON DeFi protocols manage nearly $5 billion worth of crypto assets.
A report by Messari earlier this month showed that the network posted a 2.7% revenue growth in the last quarter, reaching $760.2 million.
(Source)
Meanwhile, USDT supply grew nearly 14% to $65.7 billion between January and March 2025.
Beyond USDT adoption, the filing for a spot TRX ETF by Canary is a game-changer.
Canary submitted an S-1 prospectus to the U.S. SEC to launch the first spot TRX ETF in the country.
Unlike the spot Ethereum ETF, this ETF will include staking, allowing investors to earn a passive income of around 4.6%.
If approved, institutional investment could drive TRX prices higher.
DISCOVER: Top Solana Meme Coins 2025: 6 Best Buys Updated
TRON USDT Hits $70B: TRXUSDT Bulls Target New ATH
- TRON surpasses $70B in USDT supply, outpacing Solana and Ethereum as the top platform for stablecoin transfers
- TRX bulls eyeing fresh all-time highs. Will TRXUSDT close above $0.30?
- Tron ecosystem is growing as network revenue rose to over $760 million in Q1 2025
- Canary files for a spot TRX ETF with staking
The post TRON Surpasses $70B in USDT: Will Justin Sun’s TRX Crypto Hit a New ATH in May 2025? appeared first on 99Bitcoins.
No Comment! Be the first one.