Summary
- The supply of Tether (USDT) based on the Tron network has surpassed $80 billion.
- The supply of USDT issued on Tron soared to a maximum of $80.76 billion within six months from the beginning of this year.
- Thanks to lower transaction fees and faster settlement speeds, investors are preferring the Tron network over Ethereum.
The supply of Tether (USDT) issued on the Tron (TRX) network has exceeded $80 billion.
On the 24th (local time), maartunn, a contributor at CryptoQuant, stated in a report, "The supply of USDT circulating on Tron has surpassed $80 billion," adding that "Tron has achieved a significant milestone in the stablecoin market." According to CryptoQuant data, the supply of USDT issued on Tron soared from $59.76 billion at the beginning of this year to as much as $80.76 billion within six months.
Additionally, it was noted that stablecoin users prefer Tron over Ethereum (ETH). maartunn added, "Previously, Tron overtook Ethereum in total USDT in circulation," and explained, "Lower transaction fees and faster settlement speeds have won over investors compared to Ethereum."
Son Min
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