TRON's share of stablecoin transactions plummeted to 14.6% in February from 36.45% at the start of 2025, as USDC overtakes USDT.
The TRON network's share of stablecoin transactions has experienced a sharp decline, dropping to 14.6% in February, down from 36.45% at the start of 2025. These figures were reported by Visa's analytics dashboard.
Visa's analysis employs an adjusted volume metric that excludes bot activity, high-frequency trading, and internal smart contract transactions, aiming to provide a clearer picture of stablecoin usage as a payment method.
Across all blockchains, the total stablecoin transaction volume reached $8.8 trillion over the past year. However, the adjusted volume, which reflects genuine economic activity, stood at just $1.4 trillion.
USDC Surpasses USDT
Since the year's onset, USDC has maintained a share of over 50% in total stablecoin transaction volume, overtaking USDT as the leading asset in this category.
Visa's data shows that demand has shifted across blockchains, with Solana briefly leading in stablecoin payments last month, ahead of TRON and Ethereum. However, Ethereum regained its position as the top network this month, followed by Solana and TRON.
Billionaire investor Stanley Druckenmiller has suggested that stablecoins could serve as the foundation for a global payment system in the next 10 to 15 years.
