Well, well, well, if it isnāt USDT, the reigning queen of the Tron network! š Itās like the popular girl in high school who just wonāt let anyone else sit at her lunch table. With a staggering 98.5% of the stablecoin supply, USDT is basically the BeyoncĆ© of the crypto worldāflawless and totally unbothered by the competition.
According to CryptoQuant (who, letās be honest, sounds like a character from a sci-fi novel), USDT is sitting pretty with a circulating supply of $62.76 billion. Thatās out of nearly $64 billion in stablecoins! The other contenders? Well, theyāre like the kids who show up to the party but donāt bring any snacks. USDC is at a pitiful 0.06%, USDD is trying its best at 1.15%, and USDJ is just… well, bless its heart, at 0.01%. š
And hereās the kicker: while the other stablecoins have been as stagnant as a pond in July, USDT is out there expanding like itās on a mission to take over the world. Itās not just a pretty face; itās also the backbone of Tronās liquidity. With daily on-chain volumes hitting between $4 billion and $5 billion, USDT is the life of the party, especially when TRX prices start doing the cha-cha. š
But wait, thereās more! Tron is processing over 14 million USDT transactions a week, which is a whopping 69% of all USDT activity. Thatās up from 61% in January, which means USDT is basically the overachiever of the group. š
Now, letās talk about the new Gas Free feature that Tether is rolling out. Justin Sun, the founder of Tron, has decided that we should all be able to transfer USDT without having to pay for gas fees. Because who doesnāt love a good freebie? š But letās be real, Tron has been charging more for USDT transfers than a fancy restaurant charges for a side salad. With gas fees soaring between $3.06 and $6.22, itās like theyāre trying to make Ethereum look cheap! So, this new feature is like a breath of fresh air, or at least a discount coupon for your next transaction.
In conclusion, USDT is not just dominating the Tron network; itās practically throwing a parade in its honor. š So, if youāre still holding onto those other stablecoins, you might want to reconsider your life choices. Just saying!
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2025-03-01 08:12