Data: TRC20-USDT issuance increased to 72.7 billion, a record high

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According to Foresight News, official data shows that TRC20-USDT issuance has increased to 72.7 billion tokens, reaching a historic high. Since the beginning of this year, the TRON network has cumulatively issued nearly 13 billion USDT, and currently, TRC20-USDT accounts for 48.6% of the total USDT issuance across the network, with 65.25 million holding accounts and over 2.485 billion total transfers.

Additionally, at the recent TOKEN2049 Dubai event, Justin Sun engaged in a fireside chat with Eric Trump and WLFI co-founder Zach Witkoff. During the conversation, Witkoff revealed that the USD1 stablecoin issued by WLFI will be natively deployed on the TRON network.

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

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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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