Tron Dominates Stablecoin Market as Tether Transaction Volume on the Network Hits $2.1 Trillion in Q2

According to Arzdigital, citing a new report from research firm Messari, the Tron network processed $2.1 trillion in Tether stablecoin transactions in the second quarter of 2026. The report said the stablecoin market cap on the network reached a record $89.2 billion, with Tether accounting for 98.5 percent of it as the network's main asset, putting Tron ahead of Ethereum's $78.7 billion in stablecoin holdings. Average daily Tether transaction volume on Tron rose 4.3 percent quarter over quarter to $22.8 billion, and Tron's share of Tether's total global supply climbed to 47.6 percent. Tron's network fee revenue reached $699.4 million in the quarter, up 15.9 percent year over year, even as TRX token supply remained in a net inflationary state.