TRON Surpasses 400 Million Accounts as Low Fees and Deep USDT Liquidity Drive Growth
Key Takeaways
- •TRON’s account count has risen to more than 400 million after adding its latest 100 million accounts in about 16 months.
- •Cumulative transactions on the network have exceeded 15.2 billion, and total transfer volume is approaching $30 trillion.
- •TRON holds more than $94 billion in USDT, representing about 51.4% of the stablecoin’s circulating supply.
- •The network’s growth is being driven by low fees, fast settlement, and strong USDT liquidity, which support payments and remittances.
- •Stablecoin regulation in the EU and U.S. may affect how issuance and settlement activity develop across networks like TRON.
TRON has surpassed 400 million accounts, up from 300 million in April 2025, while cumulative transactions on the network have topped 15.2 billion and total transfer volume is nearing $30 trillion.
The key driver behind the milestone is USDT, the world's largest stablecoin, issued by Tether. TRON now holds more than $94 billion of the dollar-pegged token, representing about 51.4% of its circulating supply — meaning no other single blockchain, including Ethereum, hosts more of it — which makes the network one of the main settlement rails for dollar-based crypto payments.
The pace of growth is accelerating: TRON, whose mainnet went live in 2018, added its latest 100 million accounts in roughly 16 months, after taking four years to reach its first 100 million.
The factors behind the adoption are low transaction costs, fast settlement, and deep USDT liquidity — characteristics that make TRON particularly useful for payments, remittances, and moving dollars across emerging markets. That utility matters in corridors where traditional channels are costly: World Bank data has consistently placed the global average fee for sending a $200 remittance above 6%, against a UN Sustainable Development Goal target of 3%.
TRON CEO Justin Sun has said that the network's usage is rapidly growing in Africa, especially Nigeria. Separately, a report on stablecoin transaction patterns found that B2B transfers dominate stablecoin transactions and identified TRON as the preferred blockchain for them.
This growth is also unfolding as stablecoins move into formal regulation. The EU's MiCA regime brought stablecoin issuers under supervision in 2024, and the U.S. enacted the GENIUS Act in July 2025 to set federal standards for payment stablecoins. How issuance and settlement activity develop under these new rules is an open question for the sector — and, by extension, for the networks that carry the largest share of that volume.
In other words, TRON is growing because people are increasingly using it as financial infrastructure for stablecoins rather than simply as a platform for trading TRX.
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