Justin Sun wants to increase the presence of stablecoins on the Tron network
Join Our Telegram channel to stay up to date on breaking news coverage Tron (TRX) has recently seen a significant surge in the stablecoin presence on its network. According to new data, Tron’s stablecoin market cap has gone up by 8% over the last week alone, taking it to the $40 billion mark. DeFillama recorded an inflow of over $1 billion in stablecoins to the network on March 12th. Only five days later, on March 17th, an additional inflow of $917.49 million followed. Tether dominates the TRON network The majority of the stablecoins within the TRON ecosystem represent Tether (USDT), with 94.36% of the total stablecoin presence belonging to the crypto industry’s largest stablecoin project. Tether is currently the third-largest cryptocurrency on the market, with a market cap within Tron sitting at $39.26 billion, while its total market cap exceeds $76.3 billion. In the last 30 days, Tether has seen 8.26% growth in its market cap within Tron. Apart from Tether, ...