TRON Stablecoin Market Cap Surges $4.8B in 90 Days, Outpacing Top Nine Chains

TRON's stablecoin market capitalization grew $4.8 billion over the past 90 days, according to on-chain data—surpassing the combined increase of the other nine chains in the top 10. HyperEVM, Robinhood Chain, and Arc followed with $689.1 million, $688.7 million, and $643.5 million in stablecoin market cap growth, respectively.

TRON hosts 49.35 percent of all USDT deployed globally. Its total stablecoin market cap now stands at $91.57 billion, with $87.9 billion in USDT holdings—exceeding Ethereum's $78.7 billion. This marks a complete reversal in USDT distribution between the two chains.

Over the past year, TRON added $9.7 billion to its stablecoin market cap, leading all chains. In a single week, the network added $1 billion—more than tenfold the expansion on any other chain. BNB Chain, Aptos, and Avalanche followed with $85 million, $82 million, and $73 million, respectively.

Issuer activity reflects rising demand. United Stables led issuer-specific growth over the same week with $106 million, followed by Paxos, Anchorage Digital, Aave Protocol, Ethena, and World Liberty Financial. Ripple's XRP Ledger added $23.4 million in newly minted stables.

Stablecoin DEX volume spiked to $40.37 billion in daily volume on Aug. 10—a new monthly peak. Robinhood Chain recorded $366 million in stablecoin DEX volume that day, with ETH-stablecoin pairs accounting for $193.2 million. Over 50 percent of daily volume concentrated in major pairs, indicating trader rotation toward Bitcoin, Ethereum, XRP, and Solana.

This rotation is visible in declining stablecoin dominance. Total stablecoin dominance dropped from 14.79 percent to 14.10 percent since early July, while USDT dominance fell to 8.445 percent within the broader market.

The total cryptocurrency market cap increased from $2.15 trillion to $2.19 trillion, adding over $40 billion in August alone. Total stablecoin market cap across all chains surpassed $160 billion, with TRON accounting for approximately 36 percent. Market sentiment remains fearful but has improved from extreme fear levels recorded last month.