As we all know, Justin Sun is one of the important figures in the blockchain community and the founder of TRON TRON. He has always been very concerned about the development of stablecoins. In his view, stablecoins play an important role in connecting the digital world with the real world, and have a huge impact on driving the development of the blockchain and cryptocurrency industry.
Due to Justin Sun's foresight and great importance in the field of stablecoins, TRON TRON, which he founded, has developed rapidly in recent years, leading the industry progress. Recently, according to data released by blockchain explorer Tronscan, the issuance of TRC20-USDT, a stablecoin in TRON created by Justin Sun, has successfully exceeded 51.8 billion, setting a record high and achieving an important achievement.
Users who are familiar with the blockchain and TRON know that TRC20-USDT is a stablecoin based on the TRON blockchain, also known as Tether. It has a 1:1 exchange ratio with the US dollar, and is anchored to the US dollar through the TRON No. 20 smart contract founded by Justin Sun. This approach enables digital assets to be mapped to real-world stable assets. As a result, TRC20-USDT can be easily exchanged not only with real-world assets, but also with other digital currencies due to its stable value.
Recently, USDT's share of the market has been growing due to its growing popularity among users. As a TRON version of USDT, TRC20-USDT has also ushered in explosive growth. According to the current data, the circulation of TRC20-USDT in the market accounts for 54% of the total number of ** on the whole network, with more than 37.2 million accounts and more than 15 cumulative transfers200 million. These data are a testament to the fact that TRON is becoming more solid as the premier issuance network for USDT.
Justin Sun actively promotes the global layout of TRC20-USDT, which is closely related to its issuance. TRON TRON's TRC20-USDT has the advantages of fast transfer speed, low cost and high security, so it has been recognized by the global blockchain industry market after its launch. It will soon be listed on Bitso, Mexico's largest compliance exchange, CoinOne and Bithumb exchanges in South Korea, BitGo, a well-known compliance custody platform in the United States, as well as OKX, Bitfinex, MEXC, and GateA number of mainstream compliant exchanges such as IO, Poloniex, and Kucoin were launched. At the same time, TRC20-USDT has also received the payment gateway Onramp and the well-known blockchain travel service platform TR**ALAThe support of platforms such as COM's wallet and instant messaging software Telegram further expands the application scenarios and user base of TRC20-USDT.
After 2024, Justin Sun has further increased his presence and investment in TRON in emerging markets, and has worked closely with Mercado, Brazil's largest compliance exchange. We believe that as more and more exchanges support Justin Sun's TRON and launch TRC20-USDT, TRON will continue to maintain its leading position in the stablecoin space and continue to grow and develop.