Data: TRC20-USDT issuance increased to 72.7 billion, setting a new historical high

ChainCatcher news, the issuance of TRC20-USDT has increased to 72.7 billion, setting a new historical high. Since the beginning of this year, the TRON network has cumulatively issued nearly 13 billion USDT, and as of now, TRC20-USDT accounts for 48.6% of the total USDT issuance on the entire network, with the number of holding accounts reaching 65.25 million and the total number of transfers exceeding 2.485 billion.

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

TRC20-USDT is a dollar-pegged stablecoin issued by Tether on the TRON network, characterized by fast transfer speeds and low fees, which have attracted a large number of users. It is already supported by several 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 on TRON, bringing higher overall value storage and stronger liquidity for decentralized exchanges, and providing a more convenient blockchain entry for enterprise partners and institutional investors.