Overview
- TRON’s native stablecoin market cap reached about $94.2 billion, with Tether’s USDT making up roughly 97.9% of that supply.
- Tether’s total USDT supply has fallen by about $6.6 billion over the past 60 days, leaving USDT near a $177 billion market cap.
- USDT experienced a record weekly withdrawal of about $3.1 billion in the week ending November 7, and total stablecoin supply also slid by roughly $6.66 billion that week.
- The dollar peg held near $1 during the outflows and Tether’s Sept. 30 attestation reported $191.5 billion in assets with a $7.95 billion reserve buffer and heavy Treasury-bill backing.
- The shift toward TRON reflects its low fees and high throughput but concentrates settlement risk on one chain, so market participants should watch weekly supply flows, peg stability, future attestations, and any regulatory or custody actions.