TRON-based USDT Issuance Surpasses $60 Billion Mark

IconCryptoNewsTerminal Staff16 Jul, 2024

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TRON-based USDT Issuance Surpasses $60 Billion Mark

TRON (TRX) founder Justin Sun announced via Twitter that "the issuance of TRC-20 (TRON) USDT has exceeded $60 billion. This is the first time the issuance of a single stablecoin has exceeded $60 billion." The surge in TRC-20 USDT issuance is attributed to the growing adoption of TRON's blockchain for decentralized finance (DeFi) applications. TRON offers fast and low-cost transactions, making it an attractive platform for DeFi developers and users. The increasing popularity of TRC-20 USDT also highlights the growing demand for stablecoins in the cryptocurrency market. Stablecoins are digital assets pegged to a fiat currency, such as the US dollar, and are used to reduce volatility in cryptocurrency transactions.

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