Data: 50% of the total issuance of USDT is issued on the TRON chain

ChainCatcher news, according to Messari's latest report "TRON Status Q4 2023," the market capitalization of TRX has grown to $9.4 billion, an increase of 87% year-on-year. Revenue in the fourth quarter increased by 14% quarter-on-quarter in USD terms, rising from $105 million to $119 million. For the entire year of 2023, only Ethereum and Bitcoin generated more revenue than TRON.

The total staking volume of TRON increased by 4% year-on-year, reaching 46.1 billion TRX. The utilization rate of Stake 2.0 continues to grow, with 30% of the staking supply opting for this option. USDT on TRON performed strongly in 2023, growing by 11% in the fourth quarter. By the end of the fourth quarter, USDT issued on TRON accounted for 50% of the total issuance.

It is reported that stUSDT on TRON became the second-largest real-world asset (RWA) protocol in the fourth quarter. Over $2.2 billion of USDT has been deposited into this protocol.