Data: The issuance of TRC20-USDT has increased to 61.8 billion, setting a new historical high

2024-08-20 18:17:09

Collection

ChainCatcher news reports that, according to official information, the issuance of TRC20-USDT has increased to 61.8 billion, setting a new historical high. As of now, the number of accounts holding TRC20-USDT has reached 49.74 million, with a total of over 1.92 billion transfers.

It is reported that TRC20-USDT is a stablecoin pegged to the US dollar issued by Tether on the TRON network. Its characteristics of fast transfer speed and low fees have attracted a large number of users, and it has already received support from several exchanges including Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate.io, and Poloniex. TRON stated that the USDT based on the TRC20 version will enhance the existing decentralized application ecosystem of TRON, bringing higher overall value storage and stronger liquidity for decentralized exchanges, as well as providing a more convenient blockchain entry for enterprise partners and institutional investors.

(Source Link)

Related tags

TRC20-USDT stablecoin

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.