MZH Zee

08/07 14:07

Tron Network Captures 50% of Total USDT Supply As

Tron Network Captures 50% of Total USDT Supply As GENIUS Act Establishes Federal Stablecoin Framework

The stablecoin ecosystem on the Tron network reached a new all-time high in July, climbing to $81.9B.

For the first time since August 2024, Tron now commands over 50% of the total USDT supply across all blockchain networks.

The stablecoin sector’s consistent growth coincides with enhanced regulatory clarity. Most significantly, the GENIUS Act became law when President Trump signed the legislation on July 18.

This groundbreaking framework establishes the first federal regulations for “payment stablecoins,” mandating full 1:1 backing by cash or liquid U.S. Treasuries, while enforcing monthly reserve disclosures and auditing requirements.

These developments have accelerated adoption within the stablecoin sector as builders, users, and stakeholders gain increased confidence in its utility and efficiency.

For example, in July, the combined market capitalization of non-USD stablecoins, including euro and ruble-backed tokens, exceeded $1 billion for the first time.

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These trends have encouraged countries and traditional financial institutions to soften their stances toward crypto stablecoin adoption.

On August 1, Hong Kong’s licensing regime announced plans to permit HKD- and CNY-pegged stablecoins to compete in Asian settlement markets currently dominated by USD.

Just Yesterday, payment processor Remitly disclosed intentions to integrate stablecoin functionality into its global payment network.

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