{"id":7050,"date":"2024-06-22T12:56:12","date_gmt":"2024-06-22T12:56:12","guid":{"rendered":"https:\/\/predictmag.com\/blog\/?p=7050"},"modified":"2024-06-22T12:56:12","modified_gmt":"2024-06-22T12:56:12","slug":"tron-based-usdt-surpasses-visas-daily-trading","status":"publish","type":"post","link":"https:\/\/predictmag.com\/blog\/2024\/06\/22\/tron-based-usdt-surpasses-visas-daily-trading\/","title":{"rendered":"TRON-Based USDT Surpasses Visa&#8217;s Daily Trading"},"content":{"rendered":"\r\n<p><strong><em>The TRON-based USDT has surpassed Visa\u2019s daily average volume of $42 billion in the first quarter of 2024.<\/em><\/strong><br \/><br \/>Within a 24-hour period, the trading volume of Tether (USDT) on the TRON network reached $53 billion, exceeding Visa\u2019s average daily trading volume of $42 billion for Q1 2024.<br \/><br \/>This comparison is significant considering Visa&#8217;s role as a leading global payment processor, handling billions of transactions across over 200 countries and regions.<br \/><br \/><strong>TRON-Based USDT Exceeds Visa\u2019s Daily Trading Volume<\/strong><br \/>The surge in TRON-based USDT\u2019s value and usage is highlighted by the latest statistics shared by <a href=\"https:\/\/x.com\/lookonchain\/status\/1804006820585050559\">Lookonchain<\/a> on Twitter.According to TronScan data, USDT on the TRON network recorded over 45.5 million holders, with a total transfer count exceeding 1.8 billion during this timeframe.<br \/><br \/>Notably, the top ten holders of USDT on TRON hold 27.69% of the total supply, equating to 16.56 billion USDT.This development indicates a broader trend of rising demand for <a href=\"https:\/\/predictmag.com\/blog\/2024\/06\/08\/shiba-inu-price-drops-5-as-whales-acquire-large-amounts-of-shib\/\">stablecoins<\/a> like USDT amidst a downturn in the crypto market.<br \/><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6813\" src=\"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2024\/04\/download-3.jpg?resize=300%2C168&#038;ssl=1\" alt=\"TRON-Based USDT Surpasses Visa's Daily Trading\" width=\"300\" height=\"168\" \/><br \/>The USDT transaction volume on the TRON network has been increasing steadily since January 2023. Averaging around two million transactions almost daily since February, this upward trend has continued into 2024.<br \/><br \/>For example, TRON\u2019s weekly volume for USDT hit an impressive $110 billion in the first week of April alone. This figure was twice the amount settled on the Ethereum blockchain, showcasing a strong investor preference for TRON.<br \/><br \/><strong>Introduction of Tether\u2019s aUSDT, a Gold-Backed Stablecoin<\/strong><br \/>On June 17, Tether CEO Paolo Ardoino announced the introduction of aUSDT, a new synthetic dollar backed by Tether\u2019s gold-backed digital asset, XAUt. This initiative was praised by industry analyst and stock-to-flow model creator Willi Woo, who termed it a \u201cgenius business idea\u201d by the stablecoin issuer.<br \/><br \/>Ardoino explained that while USDT currently earns returns on U.S. Treasury Bills, the new stablecoin will derive benefits from gold gains.<\/p>\r\n<p><em><strong>Get free access to our lifetime VIP membership. <\/strong><\/em><a href=\"https:\/\/www.predictmag.com\/free-vip-access\"><strong>Join us here.<\/strong><\/a><\/p>\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>The TRON-based USDT has surpassed Visa\u2019s daily average volume of $42 billion in the first quarter of 2024. Within a 24-hour period, the trading volume of Tether (USDT) on the TRON network reached $53 billion, exceeding Visa\u2019s average daily trading volume of $42 billion for Q1 2024. This comparison is significant considering Visa&#8217;s role as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[379,273,3,369,14],"tags":[391,312,320,311],"class_list":["post-7050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto","category-crypto-market","category-stablecoin","category-trading","tag-ausdt","tag-tether","tag-tron","tag-usdt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TRON-Based USDT Surpasses Visa&#039;s Daily Trading<\/title>\n<meta name=\"description\" content=\"The TRON-based USDT has surpassed Visa\u2019s daily average volume of $42 billion in 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