TRON-based USDT Issuance Surges to Near $60 Billion

IconCryptoNewsTerminal Staff15 Jun, 2024

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TRON-based USDT Issuance Surges to Near $60 Billion

TRON's TRC-20 USDT issuance is nearing $60 billion, currently standing at $59.8 billion, according to Tronscan. The stablecoin's popularity on TRON continues to grow, as reflected in the 44.95 million TRC-20 USDT wallets created with the platform. Since its launch on TRON in 2019, TRC-20 USDT has gained significant traction, with a cumulative 1.79 billion transactions processed. Its fast and low-cost transactions have made it a preferred choice for users on the TRON network. The increasing adoption of TRC-20 USDT highlights the growing interest in stablecoins and their role in the broader cryptocurrency ecosystem. TRON's focus on scalability and low transaction fees has positioned it as a viable platform for stablecoin issuance and usage.

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