The 24-hour trading volume of USDT (Tether) issued on the Tron network has reached an impressive $53.031 billion, surpassing the average daily trading volume of Visa.
In the first quarter of 2024, Visa reported a total trading volume of $3.7 trillion, with an average daily volume of $42 billion.
The 24-hour trading volume of $USDT on #TronNetwork is $53B, exceeding Visa's average daily trading volume.
Visa's trading volume in Q1 2024 was $3.78T and the average daily trading volume was $42B. pic.twitter.com/jolGKIUcxE
— Lookonchain (@lookonchain) June 21, 2024
USDT has also seen substantial activity with 45,466,584 holders, 2,221,051 transfers, and a total transfer count of 1,805,480,088. This remarkable achievement underscores the growing influence of cryptocurrencies in the global financial landscape.
Das müssen wir uns mal geben 👀#tron #trx
Das 24-Stunden-Handelsvolumen von USDT (Tether), das auf dem Tron-Netzwerk ausgegeben wird, hat 53,031 Milliarden Dollar erreicht und damit das durchschnittliche tägliche Handelsvolumen von #Visa übertiffen.
Im ersten Quartal 2024… pic.twitter.com/V7GH794IXY
— CryptoAvon2626❤️🔥 (@CryptoAvon2626) June 21, 2024
Surge In USDT Trading Volume Spells Massive Adoption Increase
The surge in USDT trading volume highlights the increasing adoption and trust in stablecoins. As more individuals and businesses recognize the benefits of stablecoins like USDT—such as stability, ease of transfer, and lower transaction costs—the gap between traditional payment giants and digital assets continues to narrow.
This trend signifies a shift in the financial ecosystem, where digital currencies are gaining ground on traditional payment systems.
The growing trading volume of USDT on the Tron network demonstrates how cryptocurrencies are becoming a viable alternative for large-scale transactions, challenging the dominance of established financial institutions like Visa.
As cryptocurrencies continue to evolve and integrate into mainstream finance, their influence and acceptance are expected to expand further, heralding a new era of digital finance.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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