TRON

The Tether USDT market dominance fueled by mass adoption on the Tron (TRX) network has threatened to dethrone Visa in global digital payments. The notable adoption of USDT on the Tron network has bolstered TRX price action amid the ongoing crypto correction that Bitcoin (BTC) led. The Tron (TRX) network, a top-tier layer one blockchain supporting multichain web3 development, has registered heightened stablecoin activity in recent times. Remarkably, the Tron network has outshone Visa Inc. (NYSE: V) in daily transaction…

Data from Lookochain reveal that Tether (USDT) ‘s 24-hour trading volume on the TRON (TRX) network reached $53 billion, surpassing Visa’s average daily trading volume of $42 billion in Q1 2024. This remarkable development undermines the growing adoption and demand for stablecoins, especially in the Tron network. Data from Lookonchain has revealed that Tether’s USDT, the world’s leading stablecoin on the Tron Network, has surpassed payment giant Visa’s average daily trading volume of $42 billion. According to market intelligence firm…

The post Tron Founder Justin Sun Accumulates $49M in Ethereum appeared first on Coinpedia Fintech News Tron founder Justin Sun has been significantly increasing his Ethereum holdings, likely in anticipation of the SEC approving Ethereum ETFs in July. According to spotchain, Sun’s wallet has recorded a total transfer of $16.07 million worth of ETH from Binance, and his recent acquisitions amount to $49 million at an average price of $3,494 per ETH. Additionally, Sun purchased over $1.1 billion in Ethereum…

48.78% of Uquid users in LATAM use USDT on TRON, highlighting its growing popularity. TRON’s high throughput, low fees, and cybersecurity boost make it ideal for LATAM transactions. Latin America (LATAM) is showing a noteworthy trend where more Web3 consumers are using the TRON network for their transactions. As of right now, an astounding 48.78% of Uquid customers in the area are making their transactions with USDT on the TRON network. This amazing figure highlights the increasing inclination in the…

The post Tron Network’s “USDT” Surpasses Visa’s Average Daily Trading Volume! appeared first on Coinpedia Fintech News USDT is the official stablecoin and was issued by Tether on the Tron Network. As per the latest reports, the 24-hour trading volume of USDT is $53.031 Billion, exceeding Visa’s daily trading volume. Reportedly, during the Q1 of 2024, Visa’s trading volume totaled $3.7 Trillion with an average trading volume of $42 Billion. Tether USD (USDT) with 45,466,584 holders has recorded a total…

Data from Spot on Chain posted on X (Twitter) suggests that TRON Founder, Justin Sun transferred $35 million worth of cryptocurrency towards Binance during the past week, distributed across a total of 12 different tokens. These primarily consisted of DeFi assets, suggesting Sun has the objective of providing liquidity to Curve Finance. As a result, interest in diversification was raised by traders, and three altcoins that have seen the highest interest include Polkadot (DOT), Chainlink (LINK) and Rollblock (RBLK). To…

Despite the initial excitement about the Ethereum ETF approval expected in the coming months, ETH has faced considerable struggles, remaining stagnant at $3,500. Meanwhile, TRON has managed a modest surge, positioning itself for potential growth. At the same time, DTX Exchange is making waves with a banging presale nearing $700K. Ethereum (ETH) Price Performance And Future Forecast Ethereum (ETH), the second-largest cryptocurrency by market cap, has long been ruling the market with its high trading value. Despite the recent approval…

Tron price is gaining pace above the $0.1150 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1180. Tron is moving higher above the $0.1150 resistance level against the US dollar. The price is trading above $0.1155 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1160 on the hourly chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward…

Let’s be real, recently the crypto market has been a bit difficult, don’t think you are the only one who is anticipating looking at your portfolio. Even high-flying coins like Tron and SUI may also be feeling the heat even though they are now listed to be worth hefty sums of money. These two major players have seen their prices tumble recently, leaving many investors wondering what went wrong and where to turn next. But fear not, crypto warriors, in…