The gap in USDT volume between Tron and Ethereum reached a record $25 billion.

The amount of USDT in circulation on the Tron network reached $92.7 billion, while on Ethereum it fell to $68.1 billion. The difference was about $24.6 billion—the largest gap on record.

• Tron: the amount of USDT remains near its all-time highs.
• Ethereum: the amount of USDT fell about 23% from its peak of $89 billion at the end of 2025.