Justin Sun wins again! TRON version of USDT surpasses Ethereum in circulation and becomes the king of stablecoins

At 00:07 am on April 15, Justin Sun, founder of TRON and CEO of BitTorrent, announced on Weibo: After 729 days of hard work, the TRON version of USDT finally reached 23.9 billion US dollars, officially surpassing Ethereum USDT 23.4 billion.

This is a historic moment! The cryptocurrency stablecoin chapter has opened a new chapter!

The success of TRON’s USDT has shown the industry that Ethereum is not unsurpassable, and more and more people believe that TRON will surpass Ethereum in more indicators in the future.

In this article, we would like to explore the advantages of TRON’s USDT, which has surpassed Ethereum’s USDT in circulation, and has become the king of stablecoins after two years, as well as TRON’s layout in the entire stablecoin sector.

As we all know, TRC20-USDT uses smart contracts to complete the issuance, holding, and transfer on the TRON chain. It is completely open and transparent, and the funds arrive in seconds. These have greatly reduced the user's trust cost and improved the security of users transferring stablecoins.

It is these obvious advantages that have increased investors' choice of TRC20-USDT, allowing it to surpass ERC20-USDT in just two years.

In addition, TRC20-USDT has its unique advantages compared to the entire stablecoin market and the Ethereum version of USDT.

In terms of transaction fees, compared with USDT based on the Omni protocol and USDT based on Ethereum, which often have transfer and withdrawal fees of several dollars, TRC20-USDT withdrawal and transfer fees are extremely low, which is one of the reasons why TRC20-USDT is more popular and growing faster than the former two. In terms of transfer experience, TRC20-USDT is very smooth. Compared with Omni and ERC20, which take several minutes to several days to confirm, the TPS of the TRON network can reach thousands of levels, and transactions can be confirmed in seconds. This avoids transaction congestion and makes it easier to meet users' diverse investment and ecological application needs.

While vigorously developing the TRON version of USDT, TRON's layout in the entire stablecoin sector has also begun to show results.

On April 9, TrueUSD (TUSD) officially announced the issuance of its TRC20 token version on the TRON network, and the TRON version of TUSD officially arrived.

The stablecoin TrueUSD (TUSD) is the world's first digital asset that has been audited and verified by an independent third-party organization and can be exchanged for US dollars at a 1:1 ratio. TUSD reduces transaction risks and ensures transaction transparency by cooperating with many internationally renowned banks, adhering to the escrow account mechanism and third-party fund verification, and provides token holders with legal and reliable digital US dollar assets. At present, the global circulation volume has exceeded 300 million, making it one of the compliant stablecoins with the highest market value and the best liquidity in the world.

It can be foreseen that the arrival of TRC20-TUSD will not only enrich the types of stablecoins connected to the TRON ecosystem, reduce the exposure risk of users to a single stablecoin, but also provide a more secure and compliant stablecoin option for tens of millions of TRON community members and developers.

In addition, there is USDJ, which also gives people confidence.

USDJ is a decentralized stablecoin on TRON. It is transparent and will not be frozen by any third party. Justin Sun once recommended that everyone using TRON's decentralized blockchain use USDJ as a stable reserve currency.

According to the data from just.tronscan.org browser, JustStable’s current USDJ supply has reached 277 million US dollars, and the TRX staked volume has reached 15.1 billion.

As Justin Sun mentioned many times in interviews: TRON’s core competitiveness has always been technology-based and committed to the construction of underlying infrastructure. It is the high throughput, scalability, and high reliability of TRON’s underlying blockchain technology that have led to TRON’s rich ecosystem today.

The TRON public chain is already one of the most widely used public chains in the world. The current market value of TRX has exceeded 10 billion US dollars, the total number of public chain users has exceeded 29 million, and the number of transactions has exceeded 1.7 billion times. The TRON network has surpassed Ethereum to become the busiest public chain in the entire industry.

The circulation volume of TRON’s USDT exceeds that of Ethereum’s USDT for the first time, becoming the first choice of hundreds of millions of users. It will become a highlight in the history of cryptocurrency, but it will not be the end of TRON’s stablecoin, nor will it be TRON’s only highlight moment.