After years of steady growth in the stablecoin market, the Tron blockchain has become one of the biggest networks for transactions. Data from Coin Metrics Network shows that Tron’s stablecoin supply is $61.1 billion, 37.9% of the total stablecoin market share.
A year ago, the network held only $46.6 billion. In addition, the Tron adjusted transfer volume for July was recorded at $384 billion. Ethereum is currently the only network with a bigger stablecoin supply than Tron.
In addition, the Tron price has been steadily growing, gaining 18% in the last 60 days, while other coins are on a decline. The Tron price USD has recovered above $0.1300, with a target at $0.1500. Its market cap has also remained above the $11 billion in this period.
