Sun Yuchen: TRON is committed to becoming the preferred platform for stablecoin growth

ChainCatcher news, the Wiki Finance Expo Hong Kong 2024 is being held today at Sky100 in Hong Kong, with TRON founder Justin Sun participating online and delivering a keynote speech titled "Web3 New Era: Innovative Cooperation Driving New Development."

Justin Sun stated that in the Web3 era, stablecoins have played an important role in cross-border payments, currency exchange, investment, and other financial services. TRON will continue to promote the development of stablecoins and will persist in its efforts to advance the compliance and internationalization of stablecoins, aiming for a market capitalization of $100 billion in stablecoins, dedicated to becoming the preferred platform for stablecoin growth. Currently, the total market capitalization of stablecoins on the TRON blockchain exceeds $59.8 billion, with the number of holding accounts surpassing 43.28 million. Among them, the circulation of TRON-based USDT has exceeded $58.8 billion, surpassing Ethereum-based USDT since April 2021, ranking first.