TRC20-USDT, the U.S. dollar-pegged stablecoin issued by Tether on the TRON blockchain holders had an impressive 3x growth over the past year.
— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) August 31, 2022
From 5,687,621 USDT on TRON holders a year ago growing to 15,371,854 this year and this would continue to grow as USDT on TRON is one of the most popular and widely used stablecoins on the blockchain.
One of the key features, of why USDT on TRON is so popular with the community, is because of its zero transfer fee, and instant delivery compared to its ERC20-USDT counterpart.
In addition to that, USDT-TRC20 stablecoins are widely supported by popular digital asset exchanges such as Poloniex, Binance, Huobi, Kucoin, FTX, and Gate.Io just to name a few.
Overall, we expect a massive growth with USDT on TRON holders in the next following months and this would continue to be TRON’s top stablecoins.
What is TRC20-USDT?
USDT (TRC-20) is a U.S. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain.
— TRONSCAN (@TRONSCAN_ORG) August 26, 2022
The token is tied to the USD on a 1:1 ratio, which makes it a lot less volatile than other cryptocurrencies.
TRC20-USDT is one of the popular TRON-based stablecoins on the blockchain alongside with USDC, USDJ, TUSD, and USDD.
What is TRON?
TRON is a blockchain-based decentralized platform founded by the former TRON CEO, Justin Sun in 2017 and it aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
It has a native cryptocurrency called Tronix or TRX and the company is dedicated to building the infrastructure for a truly decentralized internet which they have added blockchain support to different fields such as DeFi, NFT, and GameFi.
Let us know in the comments section below about your experience using TRC20-USDT.
For more news and updates, see Tron Spark.