Tron news

TRON's stablecoin market capitalization grew by about $4.8 billion over the past 90 days, driven largely by Tether's USDT. By early September 2026, USDT supply on TRON reached an all-time high of roughly $94.27 billion. In Q2 2026, TRON hosted $87.9 billion in circulating USDT, surpassing Ethereum's $78.7 billion, with the gap widening due to TRON's lower transaction costs for remittances, merchant settlements, and OTC desks. TRON now holds about 28-29% of the global stablecoin market share. Over the month leading to mid-July 2026, TRON processed $681 billion in stablecoin transactions, averaging $23 billion daily. Despite broader market contractions in parts of 2026, TRON's stablecoin supply surged by an estimated $12 billion year-to-date, indicating sustained growth. While TRON is dominant as a cheap, reliable settlement layer, its heavy reliance on USDT poses a concentration risk, as regulatory actions against Tether or a shift to another chain could quickly alter its position. USDC has minimal presence on TRON, leaving no immediate alternative.

Ducat, a Bitcoin-native credit protocol, has integrated with the TRON network to enable cross-chain settlement for its Bitcoin-backed dollar token, UNIT. The integration introduces wUNIT, a TRC-20 wrapped version, which can be swapped directly against USDT in a dedicated liquidity pool on TRON. Bitcoin collateral remains on the Bitcoin network while only the dollar-denominated token crosses chains, preserving the security model. Ducat allows Bitcoin holders to deposit BTC into non-custodial vaults and borrow UNIT at a 160% minimum collateralization ratio, with a 135% liquidation threshold. Borrowing carries a flat 1% origination fee with no ongoing interest, a departure from typical lending protocols. The move gives Ducat access to TRON's $94 billion USDT ecosystem, enhancing liquidity options for its users. Ducat launched in March 2026, entering a matured Bitcoin DeFi landscape. Its non-custodial vault structure avoids risks seen with centralized lenders like Celsius and BlockFi. The integration also adds a new type of collateralized stablecoin to TRON, backed by Bitcoin rather than fiat reserves.

Tonkeeper has rebranded to Keeper and expanded from a TON-only wallet into a multichain self-custodial wallet. The wallet now supports Bitcoin, Ethereum, Tron, BNB Smart Chain, Arbitrum, and Base in addition to TON, according to an announcement on Tuesday. The team cited user demand as the reason for the rebrand, noting that users were managing assets across multiple chains in different apps. Keeper plans to introduce cross-chain swaps, DeFi products, spending tools, a decentralized-app browser, and perpetual-futures trading over the coming year. Its Battery feature, which allows paying transaction fees without holding native tokens, is slated to expand to all supported networks within a year.

Ethena's synthetic dollar tokens, USDe and sUSDe, are now live on TRON, following a joint announcement by TRON DAO and Ethena Labs. The integration uses Stargate Finance for bridging, enabling native asset transfers and avoiding wrapped-token complications. USDe maintains its peg via a delta-neutral strategy, while sUSDe is a yield-bearing staked version. TRON, with over 403 million accounts, offers low fees and high throughput, providing a new avenue for these assets. The initial phase covers holding and transferring, with plans to integrate into JustLend DAO and SUN.io in the coming weeks. Further wallet, exchange, and payment app support is also on the roadmap.

TRON DAO announced on September 10, 2026, that four ecosystem applications now support MetaMask connectivity: JustLend DAO, SUN.io, B.AI, and BitTorrent. This move, building on a partnership with Consensys and native TRON support added to MetaMask in January 2026, lowers the barrier for millions of wallet users to access TRON-based DeFi without setting up a separate wallet like TronLink. JustLend DAO, TRON's primary lending protocol, holds over $7 billion in total value locked, while SUN.io's DEX infrastructure reports more than $650 million. B.AI offers AI-driven financial tools, and BitTorrent provides cross-chain and decentralized storage capabilities via BTTC and BTFS. TRON DAO spokesperson Sam Elfarra framed the expansion as a way to reduce user friction, allowing engagement through a trusted self-custodial interface, and it may strengthen TRON's competitive position in stablecoin settlement and cross-chain activity.

Canary Capital launched the first US spot TRX ETF, ticker TRXS, on the Cboe BZX Exchange on September 9. The fund stakes over 90% of its TRX holdings, with rewards folded into its daily net asset value, allowing investors to earn yield without separate distributions. The ETF, with BitGo as custodian, charges a 1.10% annual sponsor fee, and staking fees are capped at 20% of rewards, with the rest retained for NAV growth. The launch followed an April 2025 S-1 filing and SEC discussions over staking. TRX's market cap was about $32.17 billion at debut. Tron's founder, Justin Sun, highlighted the ETF as a way for traditional institutions to gain TRX exposure without handling crypto directly. The fee is higher than many spot Bitcoin ETFs, but the staking yield may offset the cost.

Canary Capital launched the first staked TRON exchange-traded fund in the U.S., trading as TRXS on Cboe. The fund holds TRX and stakes substantially all of its holdings, with rewards included in the net asset value. This provides investors brokerage-based access to TRON without directly managing staking, with a 1.10% annual sponsor fee and BitGo as custodian. TRON founder Justin Sun and Canary CEO Steven McClurg highlighted the network's role in stablecoin payments and settlement. TRON processed $2.1 trillion in USDT transfers in Q2 2026, with stablecoin market cap reaching $89.2 billion. The launch follows expanding U.S. access for TRX, including Binance.US trading and Bitnomial futures, and adds to Canary's crypto ETF lineup that includes XRP, Litecoin, and HBAR products.

The first staked exchange-traded fund tied to Tron will debut on US markets Wednesday under the ticker TRXS, offering investors exposure to the TRX token through traditional markets. The Canary Staked TRX ETF will include staking rewards, which will be reflected in the fund's net asset value. Tron founder Justin Sun said the launch highlights the network's role as critical infrastructure for the global digital economy and gives institutional investors a new access point. TRX is the eighth-largest cryptocurrency with a market cap of $32.1 billion, and Tron is widely used for stablecoin transfers due to its cost and efficiency. Canary Capital CEO Steven McClurg noted that as stablecoin adoption grows, Tron has become key to digital asset payments and settlement. The company has launched several crypto ETFs over the past year, including ones for HBAR, Litecoin, and XRP.

Canary Capital's staked Tron (TRX) ETF, trading under the ticker TRXS, will begin trading on the Cboe BZX Exchange on September 9. The fund, the first US ETF to combine spot TRX exposure with built-in staking rewards, will stake at least 90% of its holdings under normal conditions, with 80% of net staking income accruing to the fund's net asset value. Canary will charge a 1.10% annual sponsor fee, with US Bank handling cash custody and BitGo Bank & Trust managing the TRX holdings. The S-1 amendment filed on August 19 outlined the fund's structure, and Tron founder Justin Sun confirmed the listing details on September 8, when TRX traded near $0.34. While several asset managers have filed for altcoin ETFs and Ethereum issuers have sought to add staking, TRXS could set a precedent for staking across the US crypto ETF market.

While the total stablecoin market contracted to around $300-310 billion by late August 2026, Tron's stablecoin supply hit a record $89.2 billion in Q2 2026, a 4.1% quarterly jump. Tron now commands 28.7% of the market and hosts $87.9 billion in USDT, surpassing Ethereum's $78.7 billion and making it the largest home for the stablecoin. Its near-zero fees have made it the default for low-value transfers, processing $2.1 trillion in USDT in Q2 alone. Other networks are also growing, with HyperEVM attracting USDC inflows and X Layer's supply surpassing $2 billion after Circle launched native USDC. However, Tron's heavy reliance on USDT (98.5% of its supply) is a vulnerability if Tether faces regulatory issues. Despite the overall market decline, Tron's $12 billion in growth highlights the power of utility over narrative in a contracting market.