Recently, blockchain payment platform Orbital and on-chain analysis platform OurNetwork released a report that detailed TRON’s leading position and development potential in the field of encrypted payments. The report from both parties pointed out that USDT payments on the TRON network have performed outstandingly in the world, especially in emerging markets. At present, TRON has become an important platform for cross-border transactions and stablecoin promotion.

Orbital: The importance of TRON network USDT payment applications in emerging markets

The Orbital report points out that blockchain payments are rising rapidly in emerging markets such as Africa, Asia, and Latin America. Consumers realize that stablecoins provide a digital dollar that can be held and traded without a bank account, becoming a tool to hedge local currency risks. In these regions, USDT transaction volume on the TRON chain has increased significantly, becoming an ideal payment medium for cross-border trade.

The report shows that Tether (USDT), as the world's largest stablecoin issuer, has more than 50% of USDT issued on the TRON network. At the same time, relying on its scalability and cost-effectiveness, TRON is highly favored by enterprises and user groups. According to Allium data, 38.6% of all stablecoin addresses used in the past 30 days are USDT addresses in TRON wallets.

The report believes that TRON provides merchants with a unified payment method that covers almost all emerging markets around the world, achieves instant settlement, eliminates chargebacks, and reduces transaction fees by 80%. With the combined effect of these factors, the TRON network has quickly gained popularity among consumers in emerging markets and international merchants targeting emerging markets, and the number of users has seen a spurt in growth.

According to data from the Orbital platform, users in emerging markets have a clear preference for the TRON version of USDT. Orbital estimates that more than 99% of transactions on its platform come from emerging markets, and 98% of the platform's stablecoin transactions are conducted on the TRON chain, and in overall cryptocurrency transactions, the TRON version of USDT accounts for 96% of the total transaction volume. In addition, 95% of transactions conducted through exchanges and 89% of transactions conducted through self-hosted wallets are processed by the TRON network.

OurNetwork: TRON version of USDT transaction volume has increased significantly and leads the crypto payment market

The report released by OurNetwork further highlights the dominant position of the TRON version of USDT. The report shows that the TRON chain ranks first in the industry in terms of USDT daily transaction volume and number of independent addresses. Among them, the daily transaction volume of USDT on the TRON chain has exceeded 15 million. In addition, the number of transactions on the TRON chain with an amount of US$1 to US$10,000 has increased significantly year-on-year, indicating that its C2C and B2B payments are becoming increasingly popular in the real world.

The report highlights that TRON is the first blockchain with a single stablecoin market value of more than $60 billion. In 2024 alone, the issuance of TRON’s version of USDT increased by $11 billion, an increase of 23%. As of July 2024, the total transfer volume of the TRON network has exceeded $13 trillion, with a total number of accounts reaching 245 million.

The report also focuses on TRON's performance in peer-to-peer transactions, believing that peer-to-peer transactions are the foundation of decentralization. In this model, users can directly, effectively and safely exchange value without being restricted by geographical location. In this indicator, TRON continues to lead, with its peer-to-peer transfer amount always maintained at 2 to 3 times that of Ethereum, and its excellent service can cover both large and small transfers.

OurNetwork believes that highly scalable blockchains have the potential to develop into the global settlement layer for mainstream financial transactions, and TRON has made significant progress in this regard.

It is reported that Orbital is a leading blockchain payment platform, providing blockchain-based payment services to hundreds of companies around the world, processing millions of on-chain transactions each year, with a transaction value of approximately billions of dollars. OurNetwork is a cryptocurrency on-chain analysis platform that aims to provide unique insights into encryption protocols through on-chain data analysis.

Source: China Finance Network

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