Data: TRC20-USDT issuance exceeds 68.7 billion, setting a new record

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ChainCatcher reports that the TRC20-USDT issuance has increased to 68.7 billion tokens, reaching a new historical high.

Since the beginning of this year, the TRON network has cumulatively issued nearly 9 billion USDT. Currently, TRC20-USDT accounts for 47.6% of the total USDT issuance across the network, with 64.02 million holding accounts and over 2.435 billion total transfers.

Moreover, the total number of TRON accounts yesterday broke through the 300 million mark. TRON founder Justin Sun stated: "Everything is just beginning, and our future is for the 8 billion people globally".

TRC20-USDT is a dollar-pegged stablecoin issued by Tether on the TRON network, with fast transfer speeds and low transaction fees that have attracted a large number of users. It is supported by multiple exchanges including Binance, HTX, OKX, Bitfinex, MEXC, Kucoin, gate.io, and Poloniex.

The TRC20 version of USDT will significantly enhance the existing decentralized application ecosystem of TRON, bringing higher overall value storage and stronger decentralized exchange liquidity, and providing a more convenient blockchain entry for enterprise partners and institutional investors.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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