TRX Outshines Ethereum in USDT Circulation: A Bullish Signal for Coinbase Traders

TRON’s TRX token has surged nearly 5% following its milestone of overtaking Ethereum in USDT circulation volume. This development, coupled with easing U.S.-China trade tensions, creates an optimistic outlook for cryptocurrency markets - particularly for platforms like Coinbase where such assets are actively traded.

TRON’s TRX Surges 5% as It Overtakes Ethereum in USDT Circulation

TRON’s TRX token rallied 4.8% in 24 hours, climbing from $0.264 to $0.276 before a slight pullback. The surge coincided with TRON surpassing ethereum as the leading blockchain for USDT circulation, hosting $73.8 billion compared to Ethereum’s $71.9 billion.

Geopolitical developments continue to shape the cryptocurrency market. The WHITE House’s announcement of a U.S.-China trade agreement has eased tensions, bolstering market sentiment. Institutional adoption accelerates, underscored by Coinbase’s addition to the S&P 500—a milestone for mainstream acceptance.

Coinbase Joins S&P 500 in Landmark Moment for Crypto Industry

Coinbase, the largest U.S. cryptocurrency exchange, will enter the S&P 500 index on May 19, 2025—marking the first inclusion of a pure-play crypto company in the benchmark. Shares surged 10.6% on the announcement, with analysts forecasting billion-dollar inflows as institutional validation accelerates.

The milestone reflects both Coinbase’s dominance in digital asset trading and Wall Street’s growing acceptance of blockchain-based markets. "This isn’t just about one company," said a senior strategist at Bernstein. "Index inclusion telegraphs that crypto infrastructure has matured into a legitimate asset class."