USDT achieves a new record

The daily trading volume of Tether (USDT) on the TRON network achieved an exceptional achievement, reaching $53 billion within 24 hours, surpassing the average daily trading volume of the payment processing giant Visa, which reached $42 billion in... First quarter of 2024.

This comparison indicates a paradigm shift in the use of stablecoins and blockchain infrastructure.

Visa is known to be one of the largest payment processing companies in the world, managing billions of transactions daily across more than 200 countries and regions.

In this context, Tether's success on the TRON network clearly demonstrates a major shift in how financial transactions are carried out on a global level.

According to recent data from the “Lookonchain” Twitter account, the text of the tweet was as follows:

USDT's 24-hour trading volume on the Tron network stands at $53 billion, surpassing Visa's average daily trading volume, which stood at $42 billion in the first quarter of 2024.

Data from “TronScan” also indicates that USDT on the Tron network has exceeded 45.5 million wallets, while the total number of transfers reached more than 1.8 billion during the same period.

Remarkably, the top ten USDT holders on the Tron network hold 27.69% of the total supply, equivalent to 16.56 billion USDT.