Lookonchain Reports Tether USDT on TRON Network Exceeds Visa’s Average Daily Volume
Recent data from market intelligence firm Lookonchain reveals that the daily trading volume of Tether (USDT) on the Tron (TRX) blockchain has surpassed Visa’s average daily volume.
According to Lookonchain’s social media post, USDT’s 24-hour trading volume on Tron reached $53 billion, showing a significant increase of nearly 10% in a day, while Visa’s volume was at $42 billion. The data also shows that USDT on Tron saw over 2 million transfers in the same 24-hour period, marking a 5.14% rise.
This news comes shortly after Tether’s announcement of a new gold-backed stablecoin called aUSDT, backed by Tether Gold (XAUT) reserves stored in Switzerland, signaling further innovations in the stablecoin market.
Clever Robot News Desk 24th June 2024
