Crypto News

USDT On Tron Surpasses Visa’s Average Daily Trading Volume, Highlighting Cryptocurrency’s Growing Influence

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.

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.

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.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: rokastenys/123RF // Image Effects by Colorcinch

Leave a Comment

Your email address will not be published. Required fields are marked *