In a significant development, USDT issuer Tether increased the supply of the stablecoin on the Tron [TRX] network by a billion. With the latest issuance, USDT’s reserves on Tron went past 45 billion, the highest allocation for any blockchain, including Ethereum [ETH]. Tron registered a significant jump in its USDT’s circulating supply in 2023, registering a growth rate of 21% year-to-date (YTD), according to data from Tronscan. Moreover, the number of USDT holders on Tron climbed to 32.59 million as of this writing, a whopping 85% increase from a year ago. Tron’s overall stablecoin market cap was $49.85 billion at the time of writing, with a 90% dominance of USDT.