TRC20-USDT Circulating Supply Surpasses 84.4 Billion, Hits Another All-Time High

BlockBeats News, February 5th, according to on-chain data, the circulation of TRC20-USDT has increased to 84.4 billion, hitting a new all-time high. So far this year, the Tron network has issued a total of 3 billion USDT. Currently, the number of TRC20-USDT holding accounts has reached 71.27 million, with a total transfer count of over 3.13 billion.

In addition, the cryptocurrency 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. The data shows that during the Asian and American sessions, the proportion of transfers below $1000 is about 60%-74%, mainly for peer-to-peer payments and remittances, demonstrating its widespread real-world application.

TRC20-USDT is a stablecoin pegged to the US dollar issued by Tether on the Tron TRON network. Its fast transfer speed and low transaction fees have attracted a large number of users. It has received support from many exchanges such as Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate.io, and Poloniex. The TRC20 version of USDT will significantly enhance Tron's existing decentralized application ecosystem, bring greater overall value storage and stronger decentralized exchange liquidity, and provide easier blockchain access for enterprise partners and institutional investors.