On July 15, 2024, the circulation of TRC20-USDT in the TRON ecosystem officially reached the milestone of 60 billion. This feat not only demonstrates the continued prosperity of the TRON network, but also indicates that TRC20-USDT occupies a pivotal position in the global stablecoin market. This figure not only means that TRC20-USDT accounts for more than half of the total circulation of USDT, but also indicates that TRON is leading a new trend in the circulation and application of stablecoins.
Since the beginning of this year, the activity on the Tron chain has reached unprecedented heights, with significant increases in user size and transaction volume. As a core use case in the TRON ecosystem, TRC20-USDT has quickly attracted the favor of a large number of users with its efficient and convenient features. According to statistics, since the beginning of the year, the total circulation of TRC20-USDT has been increased by nearly 12 billion. This number even exceeded the additional issuance of last year, fully demonstrating its strong growth momentum.
Looking back at the development history of TRC20-USDT, its circulation has grown at an astonishing rate since its official launch. In less than two years, the circulation of TRC20-USDT has exceeded 23.9 billion, successfully surpassing the Ethereum version of USDT, and establishing TRON as the largest USDT circulation network. This achievement not only demonstrates TRON's technical strength and market influence, but also lays a solid foundation for its subsequent development.
As TRC20-USDT becomes more and more popular around the world, it has become the first choice of stablecoin for many users. As of July 25, the number of TRC20-USDT holding accounts has surged to 47 million, and the cumulative number of transfers has exceeded 1.87 billion times. Behind these figures is the result of TRON's continuous innovation and breakthroughs in the field of blockchain technology and cryptocurrency.
Justin Sun, founder of TRON, once said that with the help of a large amount of stablecoin resources, TRON is gradually realizing its vision of becoming a global payment tool. In the future, TRON will continue to leverage its network advantages, deepen cooperation with global partners, and jointly promote the large-scale adoption of blockchain and cryptocurrency. At the same time, TRON will continue to optimize its technical architecture and ecosystem to provide users with a more secure, convenient, and efficient blockchain service experience.
The milestone of TRC20-USDT circulation exceeding 60 billion is not only an important node in the development history of TRON, but also a solid step towards a brighter future. We have reason to believe that under the leadership of TRON, the stablecoin market will usher in a broader development space and application prospects.
