TRON Monthly Stablecoin Transfers Soar Past $600B
According to CoinDesk data, TRON’s monthly stablecoin transfers have exceeded $600 billion, marking a record high for the blockchain. TRON’s low fees and fast transaction speeds have driven significant USDT transfer volumes, which account for the bulk of stablecoin activity on the network. In October, USDT transfers on TRON surpassed $550 billion, while USDC and USDD contributed roughly $25 billion and $15 billion respectively. TRON now handles more monthly stablecoin volume than Ethereum and BSC, illustrating a major shift in on-chain liquidity. This surge underscores growing demand for low-cost rails in DeFi and payments. Traders should watch TRX trading patterns and potential arbitrage between chains as stablecoin flows continue migrating to TRON.
Bullish
TRON’s record $600 billion monthly stablecoin volume highlights strong network adoption, driven by demand for low-cost, high-speed transfers. Similar surges in stablecoin activity have previously boosted native token utility—as seen when Ethereum’s gas fees surged alongside USDC and USDT growth, supporting ETH price momentum. In the short term, traders may capitalize on increased TRX trading and stablecoin arbitrage between TRON and other chains. Over the long term, sustained high-volume transfers can attract more DeFi projects and liquidity to TRON, reinforcing its market position and likely exerting upward pressure on TRX. This combination of factors signals a bullish outlook.