Tether’s USDT stablecoin is making waves on the TRON blockchain, surpassing the daily average volume of credit card giant Visa.
Daily Volume Tops $53 Billion
According to market intelligence firm Lookonchain, USDT’s 24-hour trading volume on TRON recently reached $53 billion, marking a 10% increase from the previous day. This figure eclipsed Visa’s average daily volume of $42 billion.
Transactions on the Rise
Along with the surge in volume, USDT also saw a significant increase in transactions. Over the same 24-hour period, there were over 2 million USDT transfers, a 5.14% increase.
Gold-Backed Stablecoin
Earlier this month, Tether announced the launch of a new gold-backed stablecoin, aUSDT. This digital asset is backed by physical gold reserves in Switzerland.
Tether CEO Paolo Ardoino said, “This innovative solution marks an exciting milestone… We eagerly anticipate how it will interact with the rest of the market.”
