USDT supply on Tron crosses 70B: will it boost TRX price?

While Bitcoin eyes the $100,000 psychological mark , the Tron Network attained a significant milestone. The latest data shows more than 70 billion USDT now circulates TRX’s blockchain. Lookonchain @lookonchain · Follow Tether has minted 11B $USDT on #Tron since January 29.Currently, $USDT on #Tron has exceeded $70B! tronscan.org/#/token20/TR7N… 5:17 AM · Apr 24, 2025 214 Reply Copy link Read 19 replies That marks a crucial moment for Tether and Tron, cementing the latter as a go-to platform for cheap and fast stablecoin transactions. While the crypto community celebrated the breakthrough, it has ignited speculation: can the surged USDT supply bolster TRX’s price performance? Tron’s growth as Tether’s favorite network Tron has materialized as a silent killer in the stablecoin rivalry. While it still lags Ethereum in USDT supply, the TRX blockchain remains among the liveliest platforms for stablecoins. As Ethereum battles inefficiencies like costly services and congestion, Justin Sun’s project gained popularity due to high throughput and cheap transaction fees. The landmark follows the latest 1 billion token mint on Tron, which pushed Tether’s total 2025 mints to over 11 billion assets. Crypto Crib @Crypto_Crib_ · Follow Tether just minted another $1B USDT on Tron. 👀 11:38 AM · Apr 21, 2025 62 Reply Copy link Read 17 replies Over 70 billion USDT is now active on the TRX network, signaling a shift in user preference as the crypto market matures. Tron’s founder, Justin Sun, has consistently emphasized Tron’s importance for financial inclusivity and cross-border transactions. He recently highlighted the project’s increased adoption globally. The massive Tether supply reinforces Sun’s vision and confirms the soaring adoption. Potential impact on TRX The question remains. How will the impressive stablecoin growth affect Tron’s native token TRX? While USDT might not directly impact the alt’s value, its enormous presence may affect TRX in multiple ways. First and foremost, the network will experience heightened on-chain activity. Blockchain activity will surge as more individuals interact with USDT, possibly fueling demand for TRX. Remember, users will utilize the native coin to settle gas fees. Also, massive stablecoin supply could propel trading volumes on centralized and decentralized exchanges, enhancing TRX’s accessibility and liquidity. Last but not least, these milestones often grab institutional and retail attention. Many might venture into the network to capitalize on its growth potential. Such ecosystem developments will potentially cement TRX as a top asset in the cryptocurrency industry. TRX price outlook The native token trades at $0.243 after relatively muted movements that left it 0.50% down on its weekly chart. Chart by Coinmarketcap The declined trading volumes signal weakness, positioning TRX for short-term corrections before possible upswings. Broad-based sentiments will determine its direction in the upcoming sessions. Cryptocurrencies display resilience as Bitcoin holds above $92K. A decisive candle closing above $90K will trigger significant rallies towards the $100K psychological mark. Meanwhile, analyst Michael van de Poppe predicts a slight retracement before extended gains for BTC. Michaël van de Poppe @CryptoMichNL · Follow The $87K breakout for #Bitcoin was crucial.A 9% move occurred since then, up more than $7,000. It’s back in the range. It would be very organic to have a slight pullback before the next move occurs.Gold has peaked, risk-on appetite comes in and liquidity goes up.Good 7:16 PM · Apr 23, 2025 319 Reply Copy link Read 37 replies TRX will likely leverage its growing popularity for explosive gains upon broad-based bull runs. The post USDT supply on Tron crosses 70B: will it boost TRX price? appeared first on Invezz

Source: Invezz