- The amount of Tether (USDT) issued in the Tron (TRX) blockchain exceeded $ 9.3 billion. This milestone was highlighted by the founder of the project, Justin Sun, who also underlined that the project was achieved 644 days later. The first 10 USDT was launched on April 17, 2019.
The amount of Tether (USDT) issued in the Tron (TRX) blockchain exceeded $ 9.3 billion. This milestone was highlighted by the founder of the project, Justin Sun, who also underlined that the project was achieved 644 days later. The first 10 USDT was launched on April 17, 2019.
Tether amount in Tron blockchain reaches 10 billion dollars
Justin Sun shared the milestone of 9.3 billion USDT released on Tron in the following tweet.
— Justin Sun🌞 (@justinsuntron) January 20, 2021
When we look at the tether balance sheet, we see that the parent company of stablecoin has a total assets of $ 24.997 billion. Of this amount, $ 14.739 billion was released on the Ethereum network and $ 9.395 billion in Tron.
Why does this growth occur?
This type of growth in USDT issuance in Tron was driven by demand for stablecoin in the more efficient network. According to a recent report, the number of USDT transactions processed on the Tron network exceeded those on the Ethereum network for the third consecutive week. The key to the popularity of USDT issued in Tron is the fact that users pay less compared to Ethereum.
The efficiency of the Tron network has also attracted the export of other digital assets in the blockchain. Tron now hosts TRC-BTC, TRC-ETH, WBTC, WETH, WLTC, and TRC-AMPL, and Justin Sun hints that more ‘wrapped’ digital assets will be issued on the Tron network. His exact statement is as follows:
The market chooses TRON for obvious reasons: Fast, cheap and scalable, 9.3+ billion volume in TRC-USDT through 1.6+ million addresses! There are also 15,000 TRC-BTC, 20k TRC-ETH, WBTC, WETH ten TRON and WLTC, TRC-AMPL and many more.
Guess who will be next in TRON?
Below is a breakdown of the amount awarded in each token and Tron network.
- TRC-BTC – 15,000
- TRC-ETH – 20.000
- WBTC – 99.89
- WET – 1.998.598
- TRC-AMPL – 10,000,000,000
- TRC-LTC – 100,000