TRON's stablecoin supply is nearing $80 billion, with Tether's USDT making up over 98% of this total. As of June 2025, TRON holds $77.7 billion in stablecoins, positioning it as the second-largest blockchain by stablecoin market capitalization, following Ethereum's $134.2 billion. The overall stablecoin market has expanded significantly, now exceeding $250 billion, a 95% increase from two years ago. TRON's network activity has surged, with daily transaction fees climbing to $12 million, up from $3.5 million at the start of 2024. Daily active addresses have also increased by 200%. Interest in USDD, TRON's second-largest stablecoin, has grown, potentially influenced by the Circle IPO. Despite the discontinuation of USDC on TRON, USDD and TrueUSD continue to be viable alternatives, although TrueUSD has faced SEC fraud allegations and a depegging event in 2024.