Tether strengthens his presence on Tron-Blockchain and spends 1 billion USDT, while USDC loses its market dominance

Tether strengthens his presence on Tron-Blockchain and spends 1 billion USDT, while USDC loses its market dominance

tether announces that it has issued a billion USt in the tron network. This is confirmed by a tweet by Whale Alert, a well-known blockchain tracker. Tether made this decision to expand his presence and liquidity on the tron blockchain. By using the fast and inexpensive transactions of the TRON network, Tether wants to attract more users and consolidate their position as dominant stable coin.

In the last 90 days, the market value of Tether (USDT) has increased by astonishing $ 2.6 billion. In contrast, another popular StableCoin, USDC, recorded a decline in $ 4.6 billion during this period. Tether currently holds the largest share in the StableCoin market with a total market share of 65 %. Tether's most recent step in the tron network is expected to further strengthen its market dominance. USDC now accounts for 21.4 % of the entire StableCoin market due to its sunken market value.

The tron blockchain is characterized by its high throughput and its scalability and offers an ideal platform for Tether's expansion plans. With a growing user base and a strong presence in the ecosystem of decentralized finances (Defi), Tron Tether offers the opportunity to obtain a larger market share. The increasing market value of Tether and his dominant position on the StableCoin market reflects the increasing demand for stable digital assets. It is expected that the competition between StableCoin emitters, such as Tether and USDC, will be tightened because they strive to meet the changing needs of cryptocurrency users and investors worldwide.