USDT dominates the Tron stablecoin market, accounting for 98.5% of the total stablecoin supply, equivalent to $62.76 billion out of $64 billion.
In contrast, other stablecoins have marginal shares, and their numbers are as follows:
USDC (0.06%), USDD (1.15%), TUSD (0.26%), and USDJ (0.01%) according to “CryptoQuant”.
USDT’s dominance has continued to grow, supported by its major role in Tron liquidity, with its daily volume ranging from $4 to $5 billion, and rising during periods of TRX volatility.
The network also processes over 14 million USDT transactions per week, accounting for 69% of total USDT activity globally, up from 61% in January, according to IntoTheBlock.
Fee-Free USDT Transactions:
Justin Sun announced that USDT will offer fee-free transactions via the “Gas Free” feature, eliminating the need for TRX to pay gas fees.
While Tron was previously known for its low transaction costs, the current gas fees range from $3.06 to $6.22, which is higher than Ethereum ($0.14).
The new feature aims to restore Tron as a strong contender in the low-cost stablecoin transfer market.
Posted using Tribaldex Blog