Daily transactions of USDT on the Tron network surpassed the payment activity of PayPal during Q2, according to recent data.
In the ever-evolving world of digital finance, two platforms have been making waves - Tron and PayPal. Both have demonstrated growth in specific areas, showcasing the evolving financial infrastructure in 2025.
Recent data presents a clear contrast between traditional payment systems and blockchain-based networks, with Tron's stablecoin-based transfers involving more daily accounts and higher transfer values compared to PayPal's average daily payment volume for the quarter.
Tron's network has shown steady growth, with daily USDT transfer volumes regularly exceeding $10 billion and sometimes reaching up to $30 billion across the past year. The platform even set a new record high on September 16, recording a single-day USDT transfer volume of $36.53 billion. Over a 30-day period, USDT transfers on Tron averaged $22.89 billion daily, showing a 3.3% increase from the previous 30-day period.
The growth in Tron's user engagement is also evident in its active account numbers. Over the same 30-day window, daily active accounts transferring USDT on Tron averaged 1.07 million, representing a 4% rise compared with the prior 30-day span.
On the other hand, PayPal processed a total payment volume of $443.5 billion in Q2 2025, averaging $4.93 billion daily. The company reported $8.29 billion in revenue for Q2 2025, a 5% increase from 2024. PayPal's growth remained focused on revenue and transaction margins, with non-GAAP earnings per share at $1.40 in Q2 2025, an 18% increase year over year. Transaction margin dollars for PayPal rose 7% year-over-year to $3.84 billion in Q2 2025.
However, PayPal's modified free cash flow fell to $656 million in Q2 2025, a 42% reduction compared with Q2 2024. This decrease in free cash flow might be a concern for investors, indicating a potential shift in the company's financial health.
Despite the contrasting growth in user engagement and transaction volume, both platforms have demonstrated their significance in the digital finance sphere, offering unique advantages and challenges for users and investors alike. As the competition continues, it will be interesting to see how these platforms adapt and evolve in the coming years.
Note: The company that processed a single-day USDT transfer of 36.53 billion US dollars on its blockchain was not explicitly identified in the search results provided.
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