TRON handles about 73% of stablecoin transaction volume in September 2026

TRON accounted for about 73% of stablecoin transaction volume in September 2026. Ethereum, its closest rival, held roughly 15%. The figure matters because stablecoins have become the plumbing of crypto. Whoever controls the pipes controls where much of the money actually moves. The numbers behind the lead The dominance rests on a deep pool of Tether. USDT supply on TRON hit a record of roughly $92.7 billion during the third quarter of 2026. Global USDT supply, meanwhile, held about flat at $184 billion. So TRON now hosts around half of all Tether in circulation, and its slice grew while the overall pie did not. The TRON DAO’s Q3 2026 report puts stablecoin settlement volume at $2.2126 trillion for the July to September stretch. That marks a 5.1% gain over the prior quarter. Spread across the quarter, it works out to a daily average of approximately $24.05 billion. Network activity rose too. Transactions climbed to around 1.1 billion, up 33.7% year over year. Monthly active addresses averaged 18 million, a 9.8% increase. A few other data points round out the picture: Combined USDT and USDD supply on TRON reached $93.88 billion, up 5.5% quarter over quarter. Protocol fees for Q3 tota...