- USDT’s reserves on Tron accounted for more than 52% of its total circulating supply.
- USDT and Tron have gained notoriety in the past for links to terrorism.
Tron [TRX] solidified its position as the most sought-after chain for transacting USDT, the world’s largest stablecoin.
Tron and USDT: Match made in heaven?
According to on-chain analytics firm IntoTheBlock, USDTs worth a whopping $110 billion were transferred on Tron last week, more than twice of what was settled on Ethereum [ETH].
Source: IntoTheBlock
USDT reserves on Tron have expanded sharply in the last year, accounting for more than 52% of its total circulating supply as of this writing, AMBCrypto examined using data from Tronscan.
The reserves have increased by 16% since 2024 began, and nearly 26% over the year.
Source: Tronscan
The dominance was observed in the other way round as well. USDT accounted for more than 98% of Tron’s total stablecoin market cap of $54 billion, according to DeFiLlama.
IntoTheBlock cited low network fees as the major driver behind the stablecoin’s increasing supply on Tron network, a view shared by most observers in the crypto space.
Tron’s cost advantages in transferring USDT have attracted users in hordes. The Justin Sun-founded chain has remained the undisputed leader in daily active users over the last year, AMBCrypto noticed using Artemis’ data.
Source: Artemis
Will past blemishes come to haunt?
While Tron’s growing USDT reserves were praiseworthy, there have been blowbacks.
The network came in the eye of the storm last year when it emerged as most favored crypto transfer network by terrorist organizations to fund their operations during the Israel-Gaza war.
Is your portfolio green? Check out the TRX Profit Calculator
Israeli counter terror agencies cracked down on wallets linked to such groups and seized funds, most of which were in USDT.
While there was no direct evidence to suggest this, the aforementioned revelation might have had a bearing on the discontinuation of USDC, the second-largest stablecoin, on the network.
- USDT’s reserves on Tron accounted for more than 52% of its total circulating supply.
- USDT and Tron have gained notoriety in the past for links to terrorism.
Tron [TRX] solidified its position as the most sought-after chain for transacting USDT, the world’s largest stablecoin.
Tron and USDT: Match made in heaven?
According to on-chain analytics firm IntoTheBlock, USDTs worth a whopping $110 billion were transferred on Tron last week, more than twice of what was settled on Ethereum [ETH].
Source: IntoTheBlock
USDT reserves on Tron have expanded sharply in the last year, accounting for more than 52% of its total circulating supply as of this writing, AMBCrypto examined using data from Tronscan.
The reserves have increased by 16% since 2024 began, and nearly 26% over the year.
Source: Tronscan
The dominance was observed in the other way round as well. USDT accounted for more than 98% of Tron’s total stablecoin market cap of $54 billion, according to DeFiLlama.
IntoTheBlock cited low network fees as the major driver behind the stablecoin’s increasing supply on Tron network, a view shared by most observers in the crypto space.
Tron’s cost advantages in transferring USDT have attracted users in hordes. The Justin Sun-founded chain has remained the undisputed leader in daily active users over the last year, AMBCrypto noticed using Artemis’ data.
Source: Artemis
Will past blemishes come to haunt?
While Tron’s growing USDT reserves were praiseworthy, there have been blowbacks.
The network came in the eye of the storm last year when it emerged as most favored crypto transfer network by terrorist organizations to fund their operations during the Israel-Gaza war.
Is your portfolio green? Check out the TRX Profit Calculator
Israeli counter terror agencies cracked down on wallets linked to such groups and seized funds, most of which were in USDT.
While there was no direct evidence to suggest this, the aforementioned revelation might have had a bearing on the discontinuation of USDC, the second-largest stablecoin, on the network.
buy cheap clomid pill get generic clomiphene without rx generic clomiphene pill clomid for low testosterone can you get generic clomid without rx buying clomiphene price where to get cheap clomiphene tablets
With thanks. Loads of erudition!
This is the type of enter I recoup helpful.
where can i buy semaglutide – periactin order buy cyproheptadine no prescription
buy motilium 10mg generic – sumycin 250mg price flexeril ca
cheap amoxicillin tablets – brand valsartan 160mg buy combivent 100mcg sale
augmentin 625mg ca – https://atbioinfo.com/ ampicillin tablet
esomeprazole online order – nexiumtous order esomeprazole 20mg pills
order meloxicam pill – relieve pain meloxicam without prescription
prednisone for sale – corticosteroid deltasone 20mg tablet
pills for ed – https://fastedtotake.com/ can i buy ed pills over the counter
where can i buy amoxil – combamoxi buy amoxil sale
fluconazole 100mg for sale – https://gpdifluca.com/ fluconazole 100mg over the counter
order cenforce generic – on this site brand cenforce
how to get cialis for free – e-cialis hellocig e-liquid what is the use of tadalafil tablets
what does cialis do – strongtadafl cialis high blood pressure
brand zantac 300mg – https://aranitidine.com/# ranitidine 300mg tablet
viagra cheap thailand – click order viagra from canada
This is the make of delivery I turn up helpful. https://gnolvade.com/
More posts like this would make the online elbow-room more useful. https://buyfastonl.com/gabapentin.html
Thanks on putting this up. It’s understandably done. https://ursxdol.com/sildenafil-50-mg-in/
This is a topic which is virtually to my callousness… Many thanks! Exactly where can I find the acquaintance details in the course of questions? https://prohnrg.com/
This is the kind of content I enjoy reading. cenforce d citrate de sildГ©nafil dapoxГ©tine
This website really has all of the tidings and facts I needed to this case and didn’t know who to ask. https://ondactone.com/simvastatin/
More peace pieces like this would make the web better.
https://doxycyclinege.com/pro/spironolactone/
This website exceedingly has all of the tidings and facts I needed there this subject and didn’t identify who to ask. http://iawbs.com/home.php?mod=space&uid=914824
purchase forxiga sale – https://janozin.com/# order dapagliflozin online cheap
This is a theme which is virtually to my fundamentals… Diverse thanks! Exactly where can I notice the contact details due to the fact that questions? http://www.predictive-datascience.com/forum/member.php?action=profile&uid=46024