TRC20-USDT issuance surpasses 84.4 billions, reaching a new all-time high

BlockBeats News, February 5, according to on-chain data, the issuance of TRC20-USDT has increased to 84.4 billions, setting a new all-time high. Since the beginning of this year, the TRON network has cumulatively issued an additional 3 billions USDT. As of now, the number of TRC20-USDT holding accounts has reached 71.27 millions, with the cumulative number of transfers exceeding 3.13 billions.

In addition, the crypto data research platform CryptoQuant recently released a report pointing out that the use of USDT on the TRON network is not limited to trading scenarios. Data shows that during Asian and American time zones, transfers under $1,000 account for about 60%-74%, mainly reflecting peer-to-peer payments and remittance purposes, demonstrating its wide application in the real world.

TRC20-USDT is a US dollar-pegged stablecoin issued by Tether on the TRON network. Its fast transfer speed and low transaction fees have already attracted a large number of users, and it is supported by several exchanges including some major ones. The TRC20 version of USDT will significantly enhance the existing decentralized application ecosystem of TRON, bringing higher overall value storage and stronger decentralized exchange liquidity, and providing a more convenient blockchain entry point for enterprise partners and institutional investors.