USDT reserves on Tron have expanded sharply, accounting for more than 52% of its total circulating supply. USDT also accounts for more than 98% of Tron's stablecoin market cap. Low network fees and Tron's cost advantages have attracted users to transfer USDT on the platform.
According to on-chain analytics firm IntoTheBlock, USDT s worth a whopping $110 billion were transferred on Tron last week, more than twice of what was settled on USDT reserves on Tron have expanded sharply in the last year, accounting for more than 52% of its total circulating supply as of this writing, AMBCrypto examined using data from Tron scan.The dominance was observed in the other way round as well.
IntoTheBlock cited low network fees as the major driver behind the stablecoin’s increasing supply on Tron network, a view shared by most observers in the crypto space. Tron’s cost advantages in transferring USDT have attracted users in hordes. The Justin Sun-founded chain has remained the undisputed leader in daily active users over the last year, AMBCrypto noticed using Artemis’ data.most favored crypto transfer networkIsraeli counter terror agencies cracked down on wallets linked to such groups and seized funds, most of which were in USDT.Aniket Verma works as a journalist at AMBCrypto.
Tron USDT Stablecoin Transfers Market Dominance Network Fees Crypto Space
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