Tron Rises as Stablecoin Supply Nears $78B and AEON Enables In-Store TRX Payments

Tron TRX/USD is trading at $0.2862, with a daily gain of 0.61%, a weekly gain of 6.07%, and a monthly gain of 9.26%. The consistent rise comes as Tron hosts over $77.7 billion worth of stablecoins, and AEON Pay has allowed in-store payments using Tron.

Through AEON Pay, users can now pay in-store with TRX, Tether USDt USDT/USD, and USDD USDD/USD in thousands of retail locations across Southeast Asia, with plans to expand to Africa and Latin America. AEON brings TRON-based digital assets to the crux of daily commerce and represents a major breakthrough in retail acceptance for both digital assets and stablecoins. With AEON’s support for more than 10,000 brands and 20 million merchants, Tron assets will be used in retail payments.

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Tron's stablecoin infrastructure has grown as the chain is currently hosting $77.7 billion worth of stablecoins, with Tether’s USDT carrying $76.9 billion. Tron ranks second globally in stablecoin market cap, behind Ethereum’s ETH/USD $134.2 billion, and is well ahead of third-ranked Solana’s SOL/USD $11.2 billion. Ethereum and Tron together support 84% of the global stablecoin supply, which has grown by 95% in the last two years.

The Tron network activity increased this year as transaction fees rose over 185% since January, with daily transactions averaging more than $12 million. While Tron's USDD has a smaller market cap of $451.3 million, it was responsible for 27.57% of the total stablecoin "mindshare" on TRON last week.

Tron's daily active users have increased by 64%, rising from 2.8 million to 4.6 million. The daily transaction volume was 11 million, indicating genuine network usage, and not mere speculation.

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The increase in user activity has attracted institutional players, as OTC traders have quietly bought around $1.27 million worth of TRX. On-chain data is indicating that more TRX is flowing out of exchanges than into exchanges, which implies long-term accumulation.

Tron's DeFi sector is lagging, however, as the network gains positive activity. The total value locked has remained flat at around $4.89 billion, and the DEX volume has plummeted from $213.45 million on June 5 to $80.8 million. The difference between user activity and DeFi involvement shows that new users may be more interested in basic transactions and transferring stablecoins than using complex DeFi strategies.

Tron's price action shows technical strength as TRX rebounded from a strong $0.20 support price in February, broke out of a triangle pattern, and has continued its uptrend gradually. The next resistance point is $0.30, and if broken, there could be more upside. Traders should remain cautious as TRX’s RSI shows bearish divergence, which indicates potential short-term exhaustion.

Tron is getting a lot of traction from better stablecoin metrics and offline payment rollouts to increasing user activity. If the platform maintains positive on-chain metrics and market sentiment, it could see a bright future ahead.

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