TRON Leads Ethereum in Q3 Average Tether (USDT) Supply by $3.02 Billion

TRON averaged $90.75 billion in native Tether (USDT) supply during Q3 2026, exceeding Ethereum’s $87.73 billion and giving it the higher average balance of the dollar-pegged token for the quarter. The $3.02 billion gap reflects quarterly averages. Across the 12 tracked chains, TRON’s share of native USDT averaged 49.49%. The native-supply measure counts tokens issued on a network and excludes bridged versions. Ethereum led the average USDT comparison in Q2, with $94.9 billion against TRON’s $87.2 billion. TRON moved ahead during July, briefly fell behind, then held the lead from July 23. By Sept.