"TRON (TRON) Surpasses $700 Billion USDT Transfers in May...Another Record Broken"
Summary
- It was reported that the total amount of USDT transfers on the TRON Network during May surpassed $700 billion, setting a new record.
- In May, 59% of Tether transactions were over $1 million, and $411 billion worth was moved by whale wallets alone.
- TRON (TRC-20) is the chain with the largest amount of deposited stablecoin USDT at $75.7 billion, with 17 new issuances over $1 billion.
The total amount of Tether (USDT) transfers processed on the TRON Network in May surpassed $700 billion (approximately ₩940 trillion), setting another record following April.
According to CryptoQuant on the 12th (local time), recently the amount of stablecoin transfers on the TRON Network has seen significant growth. Notably, 59% of Tether transactions in May were over $1 million, with $411 billion (approximately ₩551 trillion) moved solely by whale wallets.
TRON currently holds the largest amount of stablecoins among all chains. The amount of USDT deposited and circulating on the TRON Network (TRC-20) reached $75.7 billion, topping the list, followed by $71.4 billion circulating on the ERC-20, and $4.1 billion on other networks.
Large-scale issuances of over $1 billion have also been increasing. So far this year, there have been 17 new issuances of USDT over $1 billion on TRON (TRC-20).
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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