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TRON Leads Blockchain Payments with USDT Dominating Transactions
- TRON is the leading blockchain for payments, with USDT dominating transactions at 70.46%.
- Justin Sun announces that USDT on TRON is now available on Coinbase Wallet.
In a tweet, CoinGate announced that TRON is currently the most popular blockchain for payment methods. Specifically, on TRON, USDT is the primary payment method, accounting for 70.46% of transactions, with TRX following closely behind at 29.52%.
This puts TRON above Bitcoin (BTC) and Litecoin (LTC), which are in second and third place, respectively. Meanwhile, CoinGate highlighted Solana, which has rapidly gained popularity, becoming the ninth most popular blockchain since its inclusion in May.
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4/7 #TRON is a leader in the blockchain industry as the most popular payment method.
In particular, on TRON, #USDT dominates as the preferred payment method, accounting for 70.46% of transactions, with #TRX immediately behind with 29.52%. photo.twitter.com/5jZlxBna6G
— CoinGate (@CoinGatecom) July 25, 2024
Justin Sun Urges China to Advance Bitcoin Policy
Additionally, TRON founder Justin Sun, he said on X that USDT on the TRON network is now available via Coinbase Wallet.
In a separate to tweetSun said that China also needs to step forward. Since President trump supported for Bitcoin, US policies have become more friendly. China should make more progress in this area. The fight between China and the US over Bitcoin policy will benefit the entire industry.
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China 🇨🇳 also needs to step up. Since President Trump pushed for Bitcoin, US 🇺🇸 policies have heated up. China should make further progress in this area. The competition between China and the US in Bitcoin policy will benefit the entire industry. 👏
— SE Justin Sun 孙宇晨 (@justinsuntron) July 28, 2024
Based on this week’s performance, TRON’s total transfer value has reached $13 trillion as of July 22. Additionally, on July 23, TRON was announced as the main sponsor of Korea Blockchain Week (KBW).
Also, previously reported that the network has outpaced rival blockchains for Tether (USDT) transactions ranging from $1 to $10,000. Its ease of use, emphasis on retail trading, and low fees make it an excellent alternative for stablecoin transactions.
Furthermore, as CNF has previously stated reportedTRON has partnered with Mobilium to introduce crypto cards. The TRON network supports all cryptocurrencies and both Google Pay and Apple Pay are compatible with this card.
Meanwhile, the TRON network’s native token (TRX) is currently trading at around $0.1373slightly up 0.16% in the last 24 hours on a trading volume of 219.07 million dollars.
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