A massive surge in USDT on the TON blockchain has shattered records, reaching an unprecedented $1.4 billion in circulating supply. What started at $730 million in December 2024 has exploded into something nobody saw coming. Seriously, nobody. A 41% increase in circulating supply doesn’t just happen overnight. Except this time, it basically did.
The numbers don’t lie. Over 1 million addresses now hold USDT on TON. That’s not just impressive—it’s ridiculous. The blockchain scanner shows 1.39 million addresses with balances ranging from a few hundred bucks to millions. And who’s the whale? An unknown address labeled UQaj holding a casual 99.35 million USDT. No big deal.
TON’s integration with Telegram is the secret sauce here. When you connect a blockchain to 950 million users, things get interesting fast. In just six months, TON added 3.3 million users. That’s more than some chains get in their entire existence.
Transaction volume tells the real story. Weekly activity hit $2.4 billion by August. In a single month, users made 4.5 million transactions worth $300 million. That’s not just growth—that’s a rocket ship. As a fiat-backed stablecoin, USDT offers the stability that users need for reliable transactions while still operating on blockchain technology.
The big exchanges aren’t missing out. Binance holds 58.9 million USDT on TON. OKX has 32.23 million. Gate.io’s sitting on 20.03 million. They know what’s up.
Compared to other chains, TON’s growth makes them look like they’re standing still. Ethereum, Tron, Binance Smart Chain—all watching TON zoom past. Even Layer 2 solutions like Optimism and Arbitrum can’t keep up with this pace. The incredible growth reflects the broader trend of USDT’s unprecedented user growth of approximately 9% each quarter.
What’s next? More growth, more integration, more everything. The recent introduction of unverified tokens called Points provides even more scalability for the growing ecosystem. The trajectory points to continued exponential adoption. TON now accounts for 1% of all on-chain USDT users. Small percentage, huge implication.
One thing’s clear: USDT on TON just rewrote the stablecoin adoption playbook. Everyone else is just playing catch-up.
