Stablecoin flows on Tron have been drawing serious attention lately. Data shows major institutional movements through certain UK-registered platforms over the past couple years, with USDT transfers absolutely dominating the action. The numbers paint an interesting picture: we're talking roughly $1 billion in total volume since 2023, but here's what's wild—these flows have been climbing fast. We went from $24 million in 2023 to nearly $620 million in 2024. What's driving this surge? The volume concentration is pretty extreme: one specific actor category accounted for over half of all transfers. Most of it stayed on Tron, which makes sense given the network's cheaper transaction costs. This kind of pattern tells you something about how institutional players route their stablecoin positions when they're trying to move serious size without leaving obvious traces.