Stablecoins are one of the most promising tracks in the blockchain industry in recent years, and they are also one of the business sectors that Justin Sun, the founder of TRON, attaches great importance to. According to the latest news, recently, the new versions of TokenPocket Android and iOS have added support for USDT as a "network fee" for transfers on TRON founded by Justin Sun. This upgrade has undoubtedly injected a "booster" into the development of USDT and TRON in the field of stablecoins.
As we know, TokenPocket is a decentralized multi-chain wallet, and its main function is to provide mobile wallets, plug-in wallets, hardware wallets and other applications for users in the blockchain and cryptocurrency industry. As a multi-chain wallet that is widely loved by users around the world, TokenPocket currently supports Ethereum, Justin Sun's TRON tron, Binance Smart Chain, EOS, Aptos, Solana, Polkadot, Polygon and other public chains, as well as all EVM-compatible chains, and is widely used. Not only that, but TokenPocket already supports TRON Stake 20, and has fully supported TRON's WalletConnect V2 connection, which shows very good compatibility with Justin Sun's TRON ecosystem.
As we all know, USDT is not only the largest stablecoin in the blockchain and cryptocurrency industry, but also the user scale and market share have been increasing recently. In this wave, Sun Yuchen's TRON can be said to be a great contribution. In July 2023, Justin Sun actively promoted the launch of TRON version of USDT - TRC20-USDT, attracting a large number of TRON users to start using USDT. Judging from the latest data, at present, the circulation of the TRON version of TRC20-USDT promoted by Sun Yuchen has reached 51.8 billion, accounting for about 54% of all circulating USDT, the number of accounts held has exceeded 37.29 million, and the cumulative number of transfers has exceeded 15200 million transactions, these all determine the high speed of TRC20-USDT**, which will surely promote the entire USDT to continue to advance.
Compared with some other stablecoin transactions, because the TPS of TRON founded by Justin Sun can reach thousands of levels, it can easily realize the second-level confirmation of TRC20-USDT transactions, which effectively avoids transaction congestion and greatly improves the transaction speed, so it is easier to meet the needs of users for various stablecoin transactions, investment and use.
At the same time, in terms of transaction fees, TRC20-USDT also has a very big advantage, compared with the transfer fees of USDTS based on the OMNI protocol or Ethereum, which can easily cost several dollars, the withdrawal and transfer fees of TRC20-USDT can be said to be minimal, which is also one of the important reasons why Justin Sun's promotion of the launch of TRC20-USDT can be widely welcomed by the market.
At present, TRC20-USDT has successively landed on a number of mainstream compliant crypto exchanges such as Bitso, the largest compliance exchange in Mexico, Bitgo, the compliance custody platform in the United States, and the South Korean crypto exchanges CoinOne and Bithumb. The TRON ecosystem will also be more prosperous.