Tethers USDT on TRON Network Exceeds Visas Daily Average Volume of 42000000000 Lookonchain
1 min read

Tethers USDT on TRON Network Exceeds Visas Daily Average Volume of 42000000000 Lookonchain

Recent data shows that the average daily volume of the stablecoin Tether (USDT) on the Tron (TRX) blockchain has exceeded that of the major credit card company Visa. Lookonchain, a market intelligence firm, reported on X that the 24-hour trading volume of Tether on Tron reached $53 billion, a nearly 10% increase from the previous day, while Visa’s volume was at $42 billion.

The chart from Lookonchain also reveals that during the same 24-hour period, USDT experienced over 2 million transfers, a 5.14% increase from the day before.

Tether recently unveiled a new gold-backed stablecoin called aUSDT, which is backed by Tether Gold (XAUT) and overcollateralized reserves stored in Switzerland. Tether’s CEO, Paolo Ardoino, expressed excitement about this innovative solution and its potential impact on the market, and announced plans to make this technology available on their upcoming digital asset tokenization platform.

It’s important to note that the opinions expressed in The Daily Hodl are not investment advice, and investors should conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. All transfers and trades are made at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, and is not an investment advisor. The Daily Hodl may participate in affiliate marketing.

Leave a Reply

Your email address will not be published. Required fields are marked *