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Cryptocurrency News Articles
Tether (USDT) Transfer Amount on TRON Network is $424.0B (on a monthly-basis)
Oct 21, 2024 at 10:57 am
Tether (USDT) may not be the most talked-about coin, but it is actually very popular. In September alone, over $424.0 billion in USDT was transferred on the #TRON Network
Stablecoin Tether (USDT) continues to see massive transfer volumes on the TRON network, with over $424 billion being shifted in September alone.
This marks one of the highest monthly transfer volumes ever recorded for the stablecoin, which is also the largest by market capitalization.
As the biggest stablecoin, USDT has seen a lot of use on TRON, one of the most popular networks for transferring the stablecoin. With USDT’s integration into TRON in 2019, the network has seen impressive growth.
In its early days, monthly transfer volumes were a modest $73 million, which then rose to $304 billion a year ago. Now, another 25% increase year-over-year has brought us to the current figure.
This growth signals that TRON is continuing to play a major role in facilitating large-scale USDT transfers.
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