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TRON Reaches Record $71.9B Stablecoin Supply While TRX Price Faces $0.25 Resistance

Joe M Avatar
Joe M
  • TRON’s stablecoin supply has hit a record $71.9 billion, signaling strong network growth and rising institutional interest.
  • Despite this, TRX remains stuck below the $0.25 resistance level, facing mixed technical signals and market indecision.

TRON is making waves in the crypto world with a record-breaking surge in stablecoin supply—but its native token, TRX, is still fighting to gain price momentum.

According to DeFiLlama, TRON’s network now hosts $71.9 billion worth of stablecoins as of May 7, reaching an all-time high. This growth follows Tether’s latest $1 billion USDT mint on May 6—the sixth such issuance on TRON since April—underscoring the network’s dominance in the stablecoin space.

Also read: Dogecoin at a Crossroads: Breakout Above $0.1750 or Retreat Below $0.1700?

TRON’s broader ecosystem is also on an upward trajectory. Decentralized exchange (DEX) volume rose 40% in April, jumping from $3.4 billion in March to $4.9 billion. The network’s total value locked (TVL) has also recovered to over $5 billion, and it now supports more than 302 million accounts and 10 billion transactions. TRON processes up to $19 billion in USDT transfers daily, signaling heavy network utility.

Further institutional interest is surfacing. On May 1, World Liberty Financial launched the USD1 stablecoin on TRON, backed by U.S. Treasuries and cash equivalents. Meanwhile, staking provider P2P.org was approved as a TRON Super Representative, and Canary Capital filed for a TRX spot ETF with staking—indicating that traditional finance is starting to take notice.

Despite these bullish developments, TRX’s price remains subdued. Currently trading at $0.243, TRX is struggling to break past the $0.25 resistance level after a 6.2% drop in the past 24 hours. Technical indicators are mixed: while moving averages and MACD show bearish signals, Bull Bear Power and momentum indicators suggest some buyer activity. The RSI at 49 reflects market indecision.

If TRX fails to hold the $0.240 support, a slide toward $0.235 could follow. Conversely, a breakout above $0.25 might pave the way for further gains. TRON founder Justin Sun remains optimistic, predicting that TRX will hit a new all-time high in Q2, supported by growing market maturity and a closer correlation with Bitcoin.