TRON’s Stablecoin Dominance Narrows Gap with Ethereum as TRX Price Holds Above $0.24
TRON's stablecoin strategy continues to pay dividends as USDT circulation reaches new heights while the blockchain battles recent security
Quick overview
- TRON (TRX) is currently trading at approximately $0.2490, maintaining stability above the $0.24 level after a month of positive price performance.
- The network has seen a significant increase in Tether (USDT) circulation, reaching $71.4 billion, positioning it close to Ethereum's $72.8 billion.
- Despite a recent security breach costing users $45,000, TRON's ecosystem remains strong with over 3 million daily active accounts and a substantial market share in blockchain fees.
- Technical indicators suggest a potential breakout for TRX, with price predictions estimating targets of $0.28-$0.30 if momentum continues.
Following a month of good price performance, TRON TRX/USD is maintaining consistent above the $0.24 level, trading about $0.2490. Although the network lately handled a well-publicized security problem affecting its official X account, underlying data shows TRON’s ongoing supremacy in the stablecoin industry and fees, with technical indicators pointing a possible breakout especially versus Bitcoin BTC/USD.
USDT on TRON Reaches Record $71.4 Billion, Closing in on Ethereum
With Tether (USDT) circulation at $71.4 billion, just $1.4 billion behind Ethereum’s $72.8 billion, TRON’s stablecoin approach keeps getting stronger. This follows Tether’s fresh $1 billion mint on TRON on May 5, therefore setting the network to perhaps recover its lead in USDT circulation, which it already had between July 2022 and November 2024.
While accounting for 28% of all active stablecoin wallet addresses – greater than any other blockchain – TRON now facilitates 29% of the total stablecoin market ($242 billion) and 47% of USDT’s market valuation ($149.4 billion).
Security Breach Costs TRON Users $45,000
TRON’s X account was hacked on May 2 under what the team said to be a “malicious social engineering attack.” Before access was restored, the hacker displayed a contract address and sought money for promotional advertising, costing victims almost $45,000.
“Our security team quickly identified the intrusion and cut off access to the hacker; we ask the community to continue to be vigilant,” a TRON spokesman said.
Though Sun later cleared his allegations after OKX CEO Star Xu denied receiving any official request, the incident set off a public conflict between TRON founder Justin Sun and OKX about frozen requests for stolen cash.
TRX/USD Technical Analysis Shows Bullish Indicators
At $0.2490 right now, TRX shows a 0.71% daily gain. TRON has climbed 4.2% during the past month, 55.5% over six months, and an amazing 102.75% over the past year while down 2.3% year-to- date.
With prices keeping position above the crucial $0.24 support level, technical indicators from TradingView flash a “strong buy” signal across many criteria. Most famously, the long-term TRX/BTC chart shows TRON breaking out from a symmetric triangle pattern containing price movement from 2018.
Together with TRON’s stablecoin supremacy, this breakout has caused experts to estimate near term objectives of $0.28-$0.30 with potential for $1 should momentum keep up.
TRON Ecosystem Strength and Retail Confidence
Processing over $10 billion in daily transfer volume, TRON’s network supports over 3 million daily active accounts among its 300 million total wallets. Token Terminal claims that TRON exceeded Ethereum ($1.3 billion), Solana ($1 billion), and Bitcoin ($411.2 million) collecting $2.8 billion in blockchain fees – 48% market share.
With 2.66 million TRX addresses holding tokens for more than one year, retail confidence is still robust despite most wallets keeping somewhat low amounts demonstrating consistent user engagement.
TRON (TRX) Price Prediction: Opportunities and Challenges
Critics point out TRON’s strong reliance on USDT transactions notwithstanding outstanding numbers. Although daily active wallets include more than 3 million, most of them transact USDT, therefore exposing possible vulnerability to changes in the TRON-Tether relationship.
Additionally behind rivals in meme coins, DEX trade volume, and real-world asset integration is the network. Still, TRON keeps improving technically; lately, it introduced its Kant mainnet upgrade with better API security and speed.
The U.S. Treasury Department estimates that the stablecoin market might reach $2 trillion by 2028, hence if TRON effectively diversifies outside USDT transactions, it will have a strong basis for future expansion.
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