- USDT’s supply on Tron recorded growth of 21% year-to-date.
- Tron’s overall stablecoin market cap was $49.85 billion at press time.
In a significant development, USDT issuer Tether increased the supply of the stablecoin on the Tron [TRX] network by a billion. With the latest issuance, USDT’s reserves on Tron went past 45 billion, the highest allocation for any blockchain, including Ethereum [ETH].
The go-to chain for USDT transfers
Tron registered a significant jump in its USDT’s circulating supply in 2023, registering a growth rate of 21% year-to-date (YTD), according to data from Tronscan.
Source: Tronscan
Moreover, the number of USDT holders on Tron climbed to 32.59 million as of this writing, a whopping 85% increase from a year ago. Tron’s overall stablecoin market cap was $49.85 billion at the time of writing, with a 90% dominance of USDT.
Tron approaching founder’s vision
The aggressive push aligned with founder Justin Sun’s vision of increasing the chain’s stablecoin supply to $60 billion by the end of 2023. Despite the extended bear market, one could say that Tron covered decent ground in pursuit of its goals.
As the chain became sought-after for stablecoin transfers, AMBCrypto observed a sustained increase in on-chain activity. Tron continued to be the undisputed leader in the Daily Active Addresses count.
About 1.46 million users utilized the chain for transacting tokens, considerably higher than the second-ranked BNB Chain.
Source: Artemis
Apart from the market dominance in user base, other on-chain indicators were also noteworthy. The Justin Sun-founded chain retained its position as the second-largest chain in terms of transaction count, trailing only Solana [SOL].
In the last 24 hours until press time, Tron recorded 4.63 million transactions.
USDT remains unbeatable
While Tron proved its mettle in stablecoin transactions, AMBCrypto analyzed other developments, which pointed out the sheer dominance of USDT in the broader stablecoin landscape.
The U.S. Dollar-pegged crypto’s market cap reached its new all-time high (ATH) of $84 billion recently, as per an AMBCrypto article. The increase reflected an impressive 22% year-over-year (YoY) increase.
How much are 1,10,100 TRXs worth today?
Indeed, events throughout the course of 2o23 shifted the tide in USDT’s favor. Regulatory concerns, exposure to the March banking crisis, and depegging events took the wind out of its competitors’ sails.
At the time of writing, USDT enjoyed nearly 68% share of the entire stablecoin market, data from CoinMarketCap showed.
Excellent blog here! Additionally your website so much up very fast! What web host are you the usage of? Can I am getting your affiliate hyperlink for your host? I desire my web site loaded up as quickly as yours lol
I’ve learn some just right stuff here. Certainly value bookmarking for revisiting. I surprise how much effort you place to make this type of fantastic informative web site.
I got what you mean ,saved to fav, very nice site.
You are my inspiration, I have few web logs and infrequently run out from post :). “‘Tis the most tender part of love, each other to forgive.” by John Sheffield.
I’m really enjoying the theme/design of your website. Do you ever run into any web browser compatibility problems? A number of my blog visitors have complained about my website not working correctly in Explorer but looks great in Firefox. Do you have any advice to help fix this problem?
Greetings from California! I’m bored to death at work so I decided to check out your site on my iphone during lunch break. I love the knowledge you provide here and can’t wait to take a look when I get home. I’m surprised at how fast your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyways, amazing site!
I think that is one of the so much important info for me. And i am satisfied studying your article. However should remark on some common things, The web site style is perfect, the articles is actually nice : D. Good activity, cheers
Great post. I am facing a couple of these problems.
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
I keep listening to the newscast lecture about getting boundless online grant applications so I have been looking around for the best site to get one. Could you tell me please, where could i acquire some?
It provides an excellent user experience from start to finish.
I’m really impressed by the speed and responsiveness.
It provides an excellent user experience from start to finish.
Thanks for all your efforts that you have put in this. very interesting info .
Wonderful work! This is the type of information that are meant to be shared across the internet. Shame on Google for now not positioning this submit higher! Come on over and seek advice from my site . Thank you =)
can i purchase clomiphene without rx cost clomiphene without insurance can you buy generic clomid online buying generic clomiphene pill clomid without insurance where can i get clomid tablets clomid prescription cost
This is the type of delivery I recoup helpful.
This is a keynote which is forthcoming to my fundamentals… Numberless thanks! Faithfully where can I find the phone details in the course of questions?
buy azithromycin generic – tinidazole sale buy flagyl sale
buy semaglutide 14mg generic – buy rybelsus 14 mg generic order periactin 4 mg pills
motilium 10mg for sale – how to get sumycin without a prescription purchase flexeril online cheap
order zithromax 250mg without prescription – tindamax uk nebivolol uk
buy coumadin without a prescription – blood thinner hyzaar cost
order mobic online cheap – mobo sin mobic over the counter
I reckon something truly interesting about your website so I saved to fav.
prednisone 20mg drug – adrenal buy deltasone 5mg
hims ed pills – fast ed to take buy erectile dysfunction drugs over the counter
I’m still learning from you, but I’m trying to achieve my goals. I absolutely liked reading all that is written on your site.Keep the stories coming. I loved it!
buy fluconazole 200mg pill – purchase forcan pills diflucan 200mg over the counter
cenforce us – buy cenforce sale order generic cenforce 100mg
pastillas cialis – how long does cialis take to work 10mg cialis purchase canada
where to buy tadalafil online – https://strongtadafl.com/# cialis premature ejaculation
buy cheap generic ranitidine – this purchase zantac generic
buy viagra in new zealand – this cheap viagra cialis levitra
This is the tolerant of post I find helpful. https://buyfastonl.com/gabapentin.html
This is the amicable of serenity I enjoy reading. https://gnolvade.com/
The depth in this tune is exceptional. https://ursxdol.com/provigil-gn-pill-cnt/
More posts like this would create the online space more useful. https://prohnrg.com/product/metoprolol-25-mg-tablets/
I like this web blog so much, saved to bookmarks. “American soldiers must be turned into lambs and eating them is tolerated.” by Muammar Qaddafi.
Greetings! Utter productive advice within this article! It’s the little changes which will turn the largest changes. Thanks a quantity quest of sharing! https://aranitidine.com/fr/cialis-super-active/
The sagacity in this tune is exceptional. https://ondactone.com/spironolactone/
Good blog you be undergoing here.. It’s hard to find strong status article like yours these days. I justifiably appreciate individuals like you! Withstand guardianship!!
https://doxycyclinege.com/pro/spironolactone/
The thoroughness in this piece is noteworthy. http://privatelink.de/?https://scrapbox.io/oral-jelly/Köp_Kamagra_Oral_Jelly
More articles like this would frame the blogosphere richer. https://myrsporta.ru/forums/users/ehprt-2/
After research a number of of the weblog posts on your website now, and I truly like your method of blogging. I bookmarked it to my bookmark web site record and can be checking back soon. Pls check out my web site as effectively and let me know what you think.
Hello my family member! I want to say that this post is amazing, nice written and include almost all significant infos. I’d like to look extra posts like this .
forxiga pills – https://janozin.com/# forxiga generic
This is the suitable weblog for anybody who desires to seek out out about this topic. You notice a lot its almost hard to argue with you (not that I actually would need…HaHa). You definitely put a brand new spin on a subject thats been written about for years. Great stuff, just nice!
order generic orlistat – https://asacostat.com/# buy orlistat 120mg pills
Does your blog have a contact page? I’m having a tough time locating it but, I’d like to shoot you an email. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.
The thoroughness in this section is noteworthy. https://myrsporta.ru/forums/users/vhhni-2/