Data: TRC20-USDT issuance exceeds 68.7 billion, setting a new historical high

ChainCatcher news, the issuance of TRC20-USDT has increased to 68.7 billion, setting a new historical high.

Since the beginning of this year, the TRON network has cumulatively issued nearly 9 billion USDT, and as of now, TRC20-USDT accounts for 47.6% of the total USDT issuance on the network, with the number of holding accounts reaching 64.02 million and the total number of transfers exceeding 2.435 billion.

In addition, the total number of TRON accounts surpassed 300 million yesterday. TRON founder Justin Sun stated, "This is just the beginning; our future is with the 8 billion people around the globe."

TRC20-USDT is a stablecoin pegged to the US dollar 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 of TRON, bringing higher overall value storage and stronger liquidity for decentralized exchanges, while providing enterprise-level partners and institutional investors with a more convenient blockchain entry.