While many blockchain platforms have witnessed stablecoin adoption, none can match the explosive trajectory of USDT on TON. Since Tether deployed USDT on the TON blockchain in April 2024, the stablecoin has reached a staggering $1.4 billion in supply. That’s not just growth—it’s a rocket ship with endless fuel.
The numbers tell the story. From a modest 100 million in May 2024 to over 1 billion by December. A 41% surge in circulating supply that pushed past the billion-dollar mark faster than any stablecoin on any chain. Ever. Period.
User adoption? Off the charts. Over 1 million addresses now hold USDT on TON, with the network adding 3.3 million new users in just six months. TON may only account for about 1% of all USDT on-chain users, but it’s gaining ground. Fast.
TON’s explosive 3.3 million user surge proves it’s not just growing—it’s redefining what blockchain adoption looks like.
The network recorded 5 million weekly active users—numbers that make other “successful” blockchains look like they’re standing still. Transaction volume hit $2.4 billion weekly. Daily active wallets even surpassed Ethereum’s numbers. Let that sink in. The “king of smart contracts” got outpaced by the new kid on the block.
TON saw 26 million transactions across 3.5 million wallets, quadrupling last year’s volume. Major exchanges jumped on board. Binance holds 58.9 million USDT on TON. OKX has 32.23 million. Gate.io stores 20.03 million. Their support boosted liquidity and accessibility, creating a perfect storm for growth.
The impact on TON’s ecosystem can’t be overstated. Total value locked in TON DeFi peaked at $776 million. The new unverified token system introduced by TON enables projects to distribute tokens with reduced fees, further enhancing the platform’s efficiency. As a fiat-backed stablecoin, USDT provides the consistent value that’s crucial for TON’s expanding ecosystem. Stablecoin adoption is essential for any blockchain’s success, and USDT’s performance signals TON’s strong evolution.
Looking ahead, TON wants to put crypto in everyone’s hands. Cross-border payments, social gaming, airdrops—all drivers for further adoption. With this record-breaking stablecoin growth, TON isn’t just participating in the crypto race. It’s changing the game entirely.
