Almost 1 billion USDT on TRON
Almost 1 billion USDT on TRON
Stable Coin

Almost 1 billion USDT on TRON

By Alfredo de Candia - 12 Dec 2019

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The same Justin Sun, CEO of the TRON Foundation, gives the news on Twitter: currently, there is almost 1 billion dollars worth of the USDT stablecoin, Tether, on the TRON blockchain.

Here’s the official tweet:

Clearly, this is the total supply on the TRON (TRX) blockchain, which amounts to 916 million USDT to be precise, although the circulating supply is slightly lower.

In fact, as can be seen from the public data of Tether (USDT), with respect to the blockchain of TRON (TRX), about $876 million in tokens have been authorised for the moment.

Tron is not the only blockchain to host USDT

As is known, the Tether (USDT) stablecoin can also be found on other blockchains, such as Omni, Ethereum, EOS and Liquid, with each of these holding a significant amount and liquidity. 

For example, the leader of the ranking is Ethereum which has over $2 billion USDT, followed by Omni with over $1.5 billion USDT and in third place TRON with its $876 million, while on EOS there are $5 million and on Liquid $1.5 million.

The fact that Tether is present on TRON with significant amounts, represents a big advantage for the TRON (TRX) blockchain, which is proving to be increasingly leaning on this stablecoin rather than on others. However, there have been some events, not exactly positive, that recently affected TRON and the recently acquired Poloniex exchange, which led to the delisting of the DigiByte (DGB) crypto, for reasons that are unclear and suspicious.

Tether, for its part, recently announced its own stablecoin anchored to the price of gold, called Tether Gold, which will be collateralised with physical gold bars stored by the company.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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