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- TRON USDT issuance surpasses $60 billion, marking a significant milestone.
- TRON processes 6.75 million daily transactions, showing network growth.
Justin Sun, CEO of Tron Network, announced that the issue of TRON USDT has exceeded $60 billion, a significant historical milestone. With this feat, TRON becomes the first blockchain to have a single stablecoin issuance exceed $60 billion.
The issuance of TRON USDT has exceeded $60 billion, which is a significant milestone. We have also become the first blockchain with a single stablecoin surpassing $60 billion! #TRX #TRON https://t.co/AM8cK08npP pic.twitter.com/VsFVNGlo2g
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 16, 2024
TRON USDT Issuance Shows Rapid Growth and High Liquidity
As of June 15, 2024, the issuance of TRC20-USDT had reached 59.8 billion tokens, indicating a rapid growth trajectory. The number of TRC20-USDT holders has risen to almost 44.95 million, with over 1.79 billion transfers recorded, indicating significant liquidity and vigorous trade.
Sun, a member of the HTX exchange’s Global Advisory Board, expressed his excitement at witnessing the volume and scale of trade on HTX Global continuing to grow in another tweet.
TRON has handled an average of 6.75 million transactions per day, as CNF previously reported, demonstrating the network’s ongoing expansion. In addition, about 11 million TRX were burned in July.
Meanwhile, popular crypto exchanges Upbit Global and HashKey Global have implemented support for the USDT stablecoin on the TRON network (TRC20). This move underscores the stablecoin’s growing growth and incorporation into the larger crypto ecosystem.
TRX, TRON’s native token, is currently trading at $0.1349, up 1.13% over the last 24 hours and 4.05% in the last seven days. This price fluctuation demonstrates strong market sentiment and investor confidence in TRON’s continuous progress and accomplishments.
The enormous number of TRC20-USDT holders and high volume of transfers demonstrate the network’s ability to handle large-scale operations efficiently.
Furthermore, constant transaction volume growth and strategic TRX token burning help to create a healthier and more sustainable ecosystem for TRON users and investors.
