Can TRX Hit $1 by 2031? The Unvarnished Data Behind the $30B Stablecoin Blockchain

(SeaPRwire) –

By: Oliver Hawthorne

Most crypto traders write off TRX as a second-tier altcoin. But the network’s stablecoin footprint tells a far more compelling story. TRX trades at $0.32 today, with a $30.5B market cap. TRON hosts more on-chain stablecoin volume than many top Layer 1s. The big question for every holder is whether this narrow utility can hit $1 by 2031.

The hard data backs both hype and risk. DeFiLlama tracks $89.6B in stablecoins on TRON, 98% tied to USDT. TRX has a 95B circulating supply, one of the largest in crypto. TRX powers staking, governance, bandwidth and network energy. Transaction burns reduce TRX supply over time. A retail trader posted a June 2026 X post noting TRX’s price follows a pre-planned chart. The post cited $0.3186 as a key support level. The base case targets $0.65 to $1 by 2031. The bull case hits $1.50 to $2.25 if adoption spreads. The bear case drops to $0.18 to $0.25 if competition or regulation hits. A probability-weighted target lands at $0.88 by 2031. Competitors include Ethereum Layer 2s, Solana and BNB Chain.

The core commercial loop for TRX is simple but fragile. Low fees and fast speeds make TRON the go-to for USDT transfers. But 98% of that volume ties the network to a single stablecoin issuer. If Tether shifts activity to other chains, TRX’s core utility vanishes. Regulators could also crack down on cross-border stablecoin flows, further weakening the network. Competitors are already chasing that stablecoin market share. The end game will turn on whether TRON diversifies beyond USDT, or locks in its lead as the dominant rail for emerging market payments.

Author bio: Oliver Hawthorne, Principal Correspondent for a leading international tech review, covering crypto and decentralized infrastructure since 2018.