TRC-20 circulating USDT, daily transaction volume 74 trillion won
16 trillion won more than Visa card daily transaction volume
“Highlighting the advantages of high efficiency compared to the existing financial system”
);)
LookOnChain, an on-chain analysis platform, announced in its report published on the 22nd that the transaction volume of Tether traded on the Tron network was approximately $53 billion (approximately KRW 73.6117 trillion).
The total transaction volume of Visa Card in the first quarter of this year, revealed by LookOnChain, was 3.78 trillion dollars. When converting the average daily transaction amount through this, the average daily transaction amount of Visa Card is $42 billion (about KRW 58.3338 trillion). Even at a time when the digital asset (cryptocurrency) market continued to trend sideways, Tether's daily transaction volume continued to increase, surpassing Visa Card, the world's largest credit payment system.
Many foreign media outlets emphasized the increase in the adoption rate of stable coins and the resulting changes in the global financial environment based on LookOnChain's data.
NewsBTC, a media outlet specializing in cryptocurrency, said, “Given the fact that its value is linked to the U.S. dollar, stable coins are showing a high adoption rate even amid the weakness of the digital asset market,” adding, “Stable coins are simply popular for the reason that transactions are very efficient compared to the existing financial system.” “The adoption rate is increasing as a means of remittance rather than as a digital asset with investment value,” he explained.
Tron Network's native token Tron (TRX) is maintaining its price despite the weakness in the digital asset market. Tron is trading at approximately 167.6 won as of 2 PM on the 24th on Upbit.
Reporter Seungwon Kwon ksw@
