USDT Trading Volume on Tron Network Tops $53 Billion in 24 Hours – Surpasses Visa’s Daily Volume
The 24-hour trading volume of USDT (Tether) issued on the Tron network has reached an impressive $53.031 billion. This figure exceeds the average daily trading volume of payment giant Visa.
In the first quarter of 2024, Visa reported a total trading volume of $3.7 trillion, which translates to an average daily volume of $42 billion.
Significant Activity in USDT
USDT has shown substantial activity, reflected in its 45,466,584 holders, 2,221,051 transfers, and a total transfer count of 1,805,480,088. This remarkable achievement underscores the growing influence of cryptocurrencies in the global financial landscape.
Increasing Adoption and Trust in Stablecoins
The surge in USDT trading volume highlights the increasing adoption and trust in stablecoins. More individuals and businesses recognize the benefits of stablecoins like USDT—such as stability, ease of transfer, and lower transaction costs. The gap between traditional payment giants and digital assets continues to narrow, signifying a shift in the financial ecosystem.
A Viable Alternative to Traditional Systems
The growing trading volume of USDT on the Tron network demonstrates how cryptocurrencies are becoming a viable alternative for large-scale transactions, challenging the dominance of established financial institutions like Visa. As cryptocurrencies continue to evolve and integrate into mainstream finance, their influence and acceptance are expected to expand further, heralding a new era of digital finance.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
