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Bitcoinist 2025-12-23 02:00:22

Tron Stablecoin Volume Exceeds XRP Activity By More Than 10 Times: Data

Data shows the transaction volume of USDT and USDC on Tron is now more than 10 times the transfer volume of the entire XRP network. Tron Stablecoin Volume Is Significantly Higher Than XRP Activity In a new post on X, Glassnode lead research analyst CryptoVizArt.₿ has discussed how stablecoin settlement on the Tron network compares against the transaction activity of XRP. Stablecoins are digital assets that have their value pegged to a fiat currency. The vast majority of this space is currently dominated by two tokens tied to the US dollar: USDT and USDC. These cryptocurrencies are available on several blockchains, with a major one being Tron. Below is the chart shared by CryptoVizArt.₿ that shows the trend in the 90-day simple moving average (SMA) of the combined transfer volume of USDT and USDC on the network over the last few years. As displayed in the graph, USDT and USDC have seen their Tron volume follow a rapid uptrend during the last year, suggesting that users have increasingly been using the network for stablecoin settlements. The 90-day SMA value of the metric is currently sitting at $24.2 billion. In the same chart, the analyst has also attached the data for the transfer volume of the XRP blockchain and from its graph, it’s apparent that the network’s transaction activity pales in comparison to the stablecoin settlement that occurs on Tron. More specifically, XRP observes just $2.2 billion in transfers every day, a tenth of the Tron stablecoin transactions. “This reinforces Tron’s role as a core settlement layer for stablecoin liquidity,” noted CryptoVizArt.₿. Glassnode’s official X handle has also made a post about how stablecoins compare against the major cryptocurrencies in terms of the metric. As is apparent in the above chart, USDC is currently the most dominant asset in transaction activity out of the major assets with a volume of $124 billion. Bitcoin is second at $81 billion, while USDT is third at $68 billion. Among the rest, Solana and Ethereum both beat XRP to the fourth and fifth spots with transaction volumes of $9.6 billion and $7.9 billion, respectively. BNB is just behind XRP at $1.6 billion. The top two stablecoins combined are pulling $192 billion in transaction activity every day, which is almost twice the transfer volume that the top five non-stablecoin cryptocurrencies are witnessing. “Stablecoins have become the primary liquidity rails, while native asset transfers remain comparatively subdued,” said Glassnode. XRP Price At the time of writing, XRP is trading around $1.93, down nearly 2% over the last week.

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