Ethereum vs. Tron stablecoin war: How things will change with Metas wild card

Ethereum

Ethereum vs. Tron stablecoin war: How things will change with Metas wild card

Mark Zuckerbergs firm, Meta, considered its supposed intention to bring out a stablecoin on Ethereum [ETH] this year. This marked a daring step towards financial decentralization for global firms.

Meta has more than 3 billion users on platforms such as Facebook, Instagram, and WhatsApp. This could mean the largest user base onboarded into crypto.

The step follows the institutional trend toward blockchain to slash settlement costs, increase transparency, and sidestep the old payment channels.

If it is executed, this might change on-chain activity, the default digital settlement plane for Web2 giants becomes Ethereums.

Stablecoin supply on Tron vs. ETH network

The USDT supply on Tron [TRX] officially exceeded Ethereums, with $73.8B on the former and $71.9B on the latter. This was a huge transition in regard to preference of stablecoin on blockchain networks.

From early 2023, the records consistently rose for Tron. Meanwhile, Ethereum‘s USDT issuance sped up in late 2024 but leveled off in 2025. Tron’s rise showed stable demand, aided by its low fees and stable performance.

At the same time, ETH, even with huge DeFi activity, came under pressure. This was due to costly transactions and increasing pressure of Layer-2 solutions.

Source: CryptoQuant

Given the amount of $3.9B USDT present on other chains, the market appeared to be still largely divided between Tron and Ethereum.

Positions change in terms of liquidity flows – Tron emerged as the favored go-to network for regular stablecoin transfers, while Ethereum continued to hold its grip on more complicated financial activity.

Looking forward, the trend might determine how developers and institutions allocate liquidity-hungry applications, changing the architecture of cryptos financial system.

USDT supply surge

Meanwhile, there was an increase in USDT market cap by $6B in the last 20 days, which took stablecoins total to $150B. In the past, similar spikes were experienced before strong crypto rallies.

Source: CryptoQuant

Bitcoin [BTC] dominance, however, dropped, which meant that the capital injection might be finding its way into ETH and other altcoins.

This transition is consistent with Meta‘s expected stablecoin launch, which may power ETH’s position in the market.

If this continues, ETH may regain lost territories, particularly if institutions are looking for alternatives to Bitcoin. Nevertheless, patterns of the past indicate that inflows may also fly back soon.