One of the fundamental pillars of the crypto world are stablecoins, and especially Tether (USDT). And it is that, this virtual currency has positioned itself over the years as the main bridge between the different cryptocurrencies and the traditional fiat money market. Being highly valued by users and companies alike. And right now, TRON continues to dominate the USDT ecosystem, with the majority of tokens located on its chain, as Justin Sun commented in the Tweet of the day:
Read Also
- Corrida: Five questions to understand the bill to ban it Nov 17, 2022
- Another 25 million rubles will be allocated in Udmurtia for payments of mother capital to large families Sep 15, 2021
- Cryptocurrency : Could Bitcoin Fall to $ 28,000? Jun 3, 2021
- Cryptocurrency : Cardano Developer Unveils Smart Contract Platform Implementation Plan May 28, 2021
- Gazprom suspended gas supplies to the Netherlands and supplies to Denmark are also in danger May 30, 2022
- Netflix had to return money for advertising: it did not achieve the number of users in the plan with ads Dec 19, 2022
- Using a mind reading device, ‘locked-in’ patients told researchers they’re happy Apr 7, 2021
TRON is the king of USDT
For years, TRON has tried to go head-to-head with Ethereum for dominance of the decentralized applications sector. However, and although at times it seemed that the Blockchain of businessman Justin Sun could surpass ETH. In recent months it has been totally overtaken by the advance of the Binance Smart Chain and Cardano, being relegated to the background.
However, there is a sector in which TRON has managed to surpass Ethereum and position itself as the king: Tether. And, since it does not have its own blockchain, USDT is located in different Blockchains that allow the creation of tokens of other virtual currencies. The main of these chains being TRON and Ethereum, but also being on this list Blockchains such as EOS, Liquid and Algorand.
TRON continues to dominate the USDT ecosystem. Source: Coin98
And, since April of this year, TRON became the Blockchain that houses the largest amount of USDT in the world. Surpassing Ethereum, taking advantage of the moment of high commissions in transactions that this blockchain lives. Compared to the virtually non-existent commissions on the TRON chain. Which allows Justin Sun to call TRON the king of the sector:
“TRON is king!”
Thus, despite the fact that it seems impossible that TRON can surpass Ethereum or Binance Smart Chain as the main Blockchain for the creation of decentralized applications. The dominance of cryptocurrency in the USDT ecosystem demonstrates how even minor projects in the crypto world have a role to play in its future.
Did you like the content? Share it
Related
