Tron has achieved a significant milestone by surpassing Ethereum in the total circulating supply of USDT (Tether). According to a post on May 12 by CryptoQuant contributor Maartunn, Tron's USDT supply reached $73.8 billion on May 6, overtaking Ethereum's supply.

This development highlights a pivotal change in the stablecoin market dynamics, suggesting a growing preference for Tron in terms of on-chain activity and stablecoin issuance.