Tether (USDT) Dominates TRON Network, Comprising 98.5% of All Stablecoins

USDT is currently dominating the TRON network, making up 98.5% of all stablecoins on it. This means that almost all stablecoin transactions on TRON involve USDT.

The TRON network is well-known for its high throughput and low transaction fees, making it an ideal blockchain for stablecoins. Stablecoins, such as USDT, play a crucial role in facilitating seamless cross-chain cryptocurrency transfers and DeFi activities within the TRON ecosystem.

According to DeFi Llama, USDT currently holds a dominant 98.5% share of all stablecoins on TRON, reflecting the vast majority of stablecoin transactions on the network involve USDT.

At present, the total supply of all stablecoins on TRON stands at $64 billion, while USDT alone has a circulating supply of $62.76 billion. Other stablecoins, including USDC, USDD, tUSD, and USDJ, only have a minimal presence.

In 2024, TRON processed an impressive $5.46 trillion in USDT transactions, showcasing the network's capabilities and the high volume of activity. This figure represents a 48% increase compared to what it processed in 2023.

In essence, approximately 2.05 million USDT transfers were taking place every day on TRON throughout the year.

Moreover, TRON's success with stablecoins has contributed to the growth of TRX. Over the past 12 months, TRX's price has surged by 61.6%.

In December 2024, TRX hit an all-time high of $0.4407, and while it has since settled at $0.2292, it remains a significant price point in the cryptocurrency market.

Furthermore, in November 2024, the network recorded a record-high $587.2 billion in USDT transfers, highlighting the scale of activity on the TRON chain.

Typically, USDT's daily trading volume on TRON ranges between $4 billion and $5 billion. However, this number tends to fluctuate as the price of TRX changes.

To enhance the user experience and reduce costs, the Tron founder announced that starting next week, USDT transactions on TRON will be fee-free.

This initiative will eliminate the need for users to pay TRX for gas fees when transferring USDT on the TRON network.

Announcing the upcoming launch of Tron’s Gas Free feature supporting USDT gas payments without the need for TRX, which will be launching within the next week.

This initiative aligns with the broader goal of making blockchain technology more accessible and efficient for a wider range of users. As the TRON ecosystem continues to expand and innovate, it will be interesting to observe the long-term impact of these initiatives on the cryptocurrency market and the broader financial landscape.output: As the world's leading DeFi chain, TRON has always been dedicated to providing users with the best possible experience. To further optimize the ecosystem and offer users an unparalleled level of convenience, we are thrilled to announce that starting next week, USDT transactions on TRON will be completely fee-free!

This groundbreaking initiative will eliminate the need for users to pay TRX for gas fees when transferring USDT on the TRON network. This seamless integration will serve as a key component of Tron’s Gas Free feature, which is set to launch within the next week.

This initiative aligns perfectly with our vision to make blockchain technology more accessible and efficient for a wider range of users.

Stay tuned for the official launch and experience the future of cryptocurrency today! As the TRON ecosystem continues to expand and innovate, we will keep you updated on the latest developments.

Earlier this year, the Tron founder also recommended the use of a multi-signature wallet for added security of USDT on the TRON network.

This recommendation came in response to a user query regarding the potential risks of having a single private key that controls a large amount of USDT on TRON.

The user was specifically interested in whether it would be safer to use a multi-signature wallet, which requires multiple keys to authorize a transaction.

suggesting that a multi-sig set up would be a good idea to protect the large amount of USDT on TRON.

This advice highlights the importance of considering and implementing robust security measures, especially when handling significant cryptocurrency holdings.

Multi-signature wallets can provide an extra layer of protection against theft or unauthorized access, making them a valuable tool for institutions or individuals managing large sums of crypto.

The use of multi-signature wallets is becoming increasingly common in the cryptocurrency industry, as institutions and large enterprises seek to balance the need for efficient operations with the critical importance of safeguarding digital assets.

As the cryptocurrency ecosystem continues to evolve, we can expect to see even more innovative and sophisticated security solutions being developed and implemented to meet the diverse needs of the crypto community.

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