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:
— Justin Sun (@justinsuntron) December 11, 2019
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.