TRC20-USDT issuance exceeds 63.7 billion, setting a new record

Odaily News The issuance of TRC20-USDT has increased to 63.7 billion, a record high, accounting for 44.7% of the total issuance of USDT in the entire network. As of now, the number of TRC20-USDT holding accounts has reached 61.92 million, and the cumulative number of transfers has exceeded 2.34 billion.

Justin Sun, the founder of TRON, recently said that TRON will launch the Gas Free function this week, which means that the stablecoin itself will bear the transaction fees.
TRC20-USDT is a stablecoin pegged to the US dollar issued by Tether based on the TRON network. Its fast transfer speed and low handling fees have attracted a large number of users, and it has been supported by many exchanges such as Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate.io, and Poloniex. The TRC20 version of USDT will greatly enhance TRON's existing decentralized application ecosystem, bring higher overall value storage and stronger decentralized exchange liquidity, and provide a more convenient blockchain entry for enterprise-level partners and institutional investors.