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TRON continues to lead the industry forward with its impressive achievements on stablecoins

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TRON continues to lead the industry forward with its impressive achievements on stablecoins

May 04
01:40 2022

New York – TRC20-USDT witnessed a historic moment: it claimed the top spot among all Stablecoins, becoming the world’s largest Stablecoins by circulating supply.

Statistics on the blockchain explorer TRONSCAN show that the circulating supply of TRC20-USDT passed the 41.7 billion mark on March 31, accounting for more than 50% of USDT’s total circulating supply. This is only one of the results of the surging crypto market cap, which comes along with an ever-larger user base. In such a context, blockchain players have thus been confronted with a persistent headache: how do they attract and retain customers? The answer lies in the stablecoins on TRON. Supported by the fast, secure, transparent, and affordable TRON network, stablecoins on TRON offer one of the best gateways to the crypto market.

Besides, TRON also outperforms Ethereum in many fields such as circulation volume, the number of unique addresses, and daily transfer volume. The daily transfer volume on TRON has maintained its stable performance of over 1 million. It’s also worth noting that TRON is the public chain that hosts the additional issuance of Tether the most frequently, with the circulation volume of TRC20-USDT keeping increasing and exceeding 41.7 billion.

And that is not the whole story. Today, TRON has built a thriving stablecoin empire underpinned by four pillars—USDT, USDC, USDJ, and TUSD—covering the industry’s top two players, a decentralized stablecoin, and a compliant USD-pegged stablecoin. TRON is further consolidating its edge in the stablecoin sector.

As we already learned from the financial report of the last year, PayPal posted a total payment volume of $310 billion in the third quarter of 2021, which represented a $3.37 billion daily payment volume. TRON-based stablecoin has seen an $8 billion or even more than $10 billion daily transfer volume, multiple times over that of PayPal. To put it simply, it would only take TRON less than a month to reach PayPal’s quarterly payment volume.

So what can be explained by the rise of TRON’s flourishment in stablecoin? The intrinsic merits and all-around strategy of TRON-based stablecoin are the main drivers. Other than that, TRON’s endeavor in GameFi, metaverse, and NFT has boosted TRON’s on-chain demand, thus increasing the transfer volume of its stablecoins.

Media Contact
Company Name: Tron
Contact Person: Angela An
Email: Send Email
Country: Singapore
Website: https://tron.network