Tron's circulating supply of USDT reached $92.35 billion at the end of Q3 2026, surpassing Ethereum's $86.69 billion, according to Onchain Lens data. The milestone marks a significant shift in stablecoin dominance between the two leading blockchain networks. Tron has maintained its lead over Ethereum in USDT circulation since July 23 and held that position through the quarter's close. Current data shows Tron's USDT circulating supply has grown further to $94.25 billion.