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- TRON leads in crypto adoption in emerging economies, excelling in USDT payments and exceeding 6 billion transactions.
- Messari’s report reveals growing demand for USDT on TRON in developing countries, driving financial inclusion.
Today we are going to talk about a topic that is heating up the cryptocurrency world: TRON and its presence in crypto payments in emerging markets. According to Messari’s “Crypto Theses for 2024” report, TRON DAO is leading cryptoasset adoption in emerging economies. This data is not minor, folks, because we are talking about a significant change in how cryptocurrencies are used in these regions.
USDT on TRON: A Game Changer for Developing Markets
Messari’s report highlights that a growing number of people in developing countries are opting for USDT on TRON DAO. Why? Because it offers a combination of value storage and payment functionalities.
What’s more, nearly 40% of the demand for USDT is due to its use as a reliable and stable payment method in these economies. This represents a shift towards more equitable payment opportunities and stability. It is not just another currency in the cryptomarket; it is a tool for financial empowerment.
TRON: A Key Player in Global Adoption of Crypto Payments
What makes TRON DAO stand out in this global shift toward digital payments adoption is its robust structure and accessibility. By the end of 2023, the platform surpassed 6 billion transactions and has a user base of 200 million.
Dave Uhryniak, ecosystem leader at TRON DAO, highlights that blockchain technology will play a significant role in the future, aligning with the vision of making digital assets like USDT a vehicle for inclusion and empowerment in payments.
From DAO to Hackathon Initiatives: TRON’s Strategic Moves
Similar to Bitcoin, Ethereum and Litecoin, TRON is a permissionless blockchain protocol. In December 2021, it adopted a decentralized autonomous organization (DAO) model. It also declared itself ‘apolitical’, stating that it follows all regulatory frameworks and government procedures.
After its USDD stablecoin lost its peg last year, TRON DAO injected $700 million to support it. In February 2022, it partnered with BitTorrent Chain (BTTC) to launch the TRON Grand Hackathon, a forum for community members to interact, create threads and more.
TRON’s Price and Possible Future Signals
At the time of writing, the price of TRON (TRX) stood at $0.1059, a marginal increase of 0.4% in the last 24 hours. However, the token is up more than 95% year-to-date, in line with the general sentiment around cryptocurrencies this year.
What can we expect from TRON?
What TRON is achieving in emerging markets is no small feat. It is proving that cryptocurrencies can be more than a speculative investment; they can be a tool for empowerment and change in economies that need it most.
With its growing user and transaction base, along with innovative initiatives like the TRON Grand Hackathon, TRON is not only changing the game in emerging markets, but it is also redefining what it means to be a cryptocurrency in the modern world.
TRON is positioning itself not only as a key player in the cryptocurrency field, but as a pioneer in the use of blockchain technology for global economic empowerment.
