TRC20-USDT issuance exceeds 78.7 billion, setting a new record

Odaily News According to the latest news, the issuance of TRC20-USDT has increased to 78.7 billion, setting a new record. Since the beginning of this year, the TRON network has issued nearly 19 billion USDT in total. As of now, TRC20-USDT accounts for more than half of the total issuance of USDT in the entire network, with 66.87 million accounts and more than 2.563 billion transfers. In addition, Sun Yuchen, the founder of TRON, said in an exclusive interview with Forbes that the transaction volume of stablecoins on the TRON chain is expected to reach 7 trillion US dollars this year. Among them, TRON USDT is the key driving force, with a current daily transaction volume of 20 billion to 30 billion US dollars.
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 TRONs 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.