TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Market Growth
TRON now hosts more USDT than Ethereum as the stablecoin market surpasses $178 billion.
TRON now hosts more USDT than Ethereum as the stablecoin market surpasses $178 billion. Ethereum (ETH) is trading at ₹2,13,660 ($2,247.10). This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Mon, 02 Nov 2026 21:30:01 UTC.
This shift highlights the evolving landscape of stablecoin distribution and TRON's growing role in the ecosystem, potentially impacting Ethereum's dominance in the DeFi space.
- TRON's USDT supply has overtaken Ethereum's in Q3 2026.
- USDT's total circulating supply now exceeds $178 billion.
- TRON's stablecoin growth coincides with rising monthly active addresses.
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- TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Market Growth — this brief
TRON has overtaken 
Ethereum in terms of USDT supply, according to Token Terminal's Q3 report released on November 2 and shared by TRON DAO. This development marks a significant shift in the stablecoin landscape, with TRON now hosting a larger share of USDT than its rival Ethereum.
The report highlights that TRON's stablecoin balances and monthly active addresses have achieved record quarterly averages, underscoring the platform's growing prominence in the stablecoin ecosystem. This comes as the total circulating supply of USDT has surpassed $178 billion, as verified by DeFiLlama.
While Ethereum remains a major player in the DeFi space, TRON's rise in USDT supply suggests a potential redistribution of stablecoin dominance. This shift could have implications for Ethereum's position in the market, particularly as TRON continues to attract more users and assets.
The broader crypto market remains relatively flat, with a total market cap of $2.65 trillion. 
Bitcoin is down 1.00% in the last 24 hours, while Ethereum has seen a slight decline of 0.20% over the same period. TRON, on the other hand, has experienced a 1.38% increase in its price during the past day.
The Fear & Greed Index currently stands at 37, indicating a 'Fear' sentiment in the market. As TRON's USDT supply grows, it will be important to monitor how this affects Ethereum's market dynamics and whether TRON can sustain its momentum in the stablecoin space.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹2,13,761.61$2,248.17 to ₹2,13,659.87$2,247.10 — -0.05%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹231,990.6 (about $2,247.10), down 0.7% over 24 hours. The rupee itself trades about 8.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
TRON Surpasses Ethereum in USDT Supply Amid Stablecoin Marke — questions & answers
What is the current circulating supply of USDT?
The circulating supply of USDT is $178.76 billion, as verified by DeFiLlama.
How has TRON's USDT supply changed compared to Ethereum's?
TRON has surpassed Ethereum in terms of USDT supply during Q3 2026, according to Token Terminal's report.
What is the significance of TRON's rise in USDT supply?
TRON's growing USDT supply indicates its increasing role in the stablecoin ecosystem, potentially impacting Ethereum's dominance in DeFi.
How much is 1 Ethereum worth in rupee today?
About ₹231,990.6 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,247.10. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.