- Tron prepares for more stablecoin-related on-chain activity.
- TRX at crossroads as slight spillage disrupts recent rally.
The Tron blockchain has no doubt been one of the fastest blockchain networks. Stablecoins have been critical in facilitating that growth and Tron’s latest announcements underscore more potential growth ahead.
Is your portfolio green? Check out the Tron Profit Calculator
According to recent reports, the Tron network will facilitate Tether’s plan to deploy another 1 billion USDT into the market. While this highlights USDT’s growing marketcap, it also puts another major advantage into perspective for Tron.
The network has become one of the favorites for stablecoin issuers, and this is no surprise considering its fast-paced user growth.
Tether issued an additional 1 billion USDT on the TRON network today.
Coingecko shows that over the past 90 days, USDT’s market value has increased by $2.6 billion, while USDC’s market value has decreased by $4.6 billion. Currently, USDT accounts for 65% of the total market…
— Wu Blockchain (@WuBlockchain) July 12, 2023
While more USDT deployment on Tron is good news for the network, it is not the only stablecoin-related development to grace the network. Its CEO Justin Sun recently confirmed stUSDT’s launch on the Tron network.
This particular development emphasizes more utility coming into the network especially since stUSDT is used to verify ownership of real-world assets.
Watch the clip below from my interview with
Go to Source to See Full Article
Author: Michael NderituDid you like this?
Tip BTC Newswire with CryptocurrencyDonate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
