USDT held off centralized exchanges surged from $26B to $70B since 2023, with P2P transfers tripling to $15B daily.
The Tron blockchain, historically recognized for low-cost USDT transfers, now shows broader usage patterns. Data indicates users increasingly engage with decentralized finance (DeFi) applications and peer-to-peer payments beyond simple stablecoin movements.
CryptoQuant reports a substantial shift in USDT distribution. In 2023, approximately 46% of Tron-based USDT resided on centralized exchanges. That figure has now fallen to 13%. This change represents over $70 billion in USDT moving off exchange platforms.
Meanwhile, peer-to-peer USDT transfers on Tron have grown from $5 billion daily in 2023 to $15 billion currently. Trading on decentralized exchanges and on-chain payments contribute to this increase. Centralized exchanges still process about $10 billion daily, accounting for 40% of Tron’s USDT value flow.
Tron’s decentralized stablecoin, USDD, shows a similar pattern. Its total supply reached $520 million recently. Only 3% ($13 million) remains on centralized exchanges. Approximately half of all USDD is held within JustLend, Tron’s decentralized loan application.
This suggests users prioritize DeFi protocols, cross-border remittances, and peer-to-peer payments over centralized exchange holdings. Activity extends beyond stablecoin transfers into diversified blockchain interactions.
Furthermore, SunSwap, Tron’s primary decentralized exchange, demonstrates growing adoption. It processed monthly trading volumes exceeding $3 billion throughout 2025. May volumes reached $3.8 billion. This consistent activity reflects user exploration of Tron’s broader capabilities.
However, measurable growth now occurs within lending platforms, decentralized exchanges, and direct payment channels. Tron’s utility extends further into decentralized financial services alongside its established transfer function.
TRON Boosts On-Chain Liquidity as TVL Crosses $9.1 Billion
TRON’s Total Value Locked (TVL) has crossed $9.1 billion, driven by growth in stablecoin volume, particularly USDT on TRON, which accounts for over 60% of all USDT transactions globally. The TRON network maintains dominance in low-fee, high-throughput stablecoin settlements.
Regulatory Clearance for TRON-Based Payment Channels in Southeast Asia
TRON Foundation received preliminary regulatory clearance in Thailand and Malaysia to roll out blockchain-based remittance corridors. These corridors will use TRX and USDT for near-instant, low-cost transfers between licensed money operators. Pilot transactions are underway with regional fintech partners.
TRON DAO Treasury Announces $120 Million Liquidity Injection for DeFi Apps
To expand its ecosystem, TRON DAO Treasury has committed $120 million to incentivize developers and liquidity providers across DEXs, lending platforms, and synthetic asset protocols. The program will be phased in across Q3 2025.
Justin Sun Signals Intent to Introduce “TRON Points” for Off-Chain Loyalty Utility
TRON founder Justin Sun revealed plans for a new layer-2 loyalty mechanism, “TRON Points,” enabling cross-platform rewards, off-chain microtransactions, and integration with digital commerce networks in Asia. No launch date is confirmed yet, but TRON Points will not be tradable.
