As a seasoned crypto investor with a keen interest in market trends and developments, I find this news incredibly exciting. The fact that Tether (USDT) on the Tron Network has surpassed Visa’s daily trading volume is a significant milestone for the cryptocurrency market.
As a researcher investigating the dynamic cryptocurrency market, I’m thrilled to report a noteworthy achievement: Tether (USDT) on the Tron Network has outpaced Visa in daily trading volume for the first time.
Based on information from Lookonchain, the daily trading volume for USDT on the Tron Network hit an astounding $53 billion, surpassing Visa’s usual daily trading volume of approximately $42 billion.
The daily trading volume of USDT on TronNetwork amounts to an impressive $53 billion, surpassing Visa’s average daily transaction volume of $42 billion in Q1 2024, which was $3.78 trillion in total.
— Lookonchain (@lookonchain) June 21, 2024
In the initial three-month period of 2024, Visa, the world-renowned payments corporation, processed a staggering total of $3.78 trillion in transactions. This equates to an average daily transaction value of around $42 billion.
As a crypto investor, I find this milestone particularly significant. Given Visa’s established dominance in the payments industry, it’s a clear indication of how quickly digital currencies are gaining traction. This move underscores the confidence users have in digital currencies to handle large-scale transactions, showcasing their growing importance in the financial landscape.
The large number of Tether (USDT) transactions on the TRON network signifies a changing dynamics in international value transfer. This trend is expected to persist as an increasing number of individuals and organizations discover the advantages of using digital currencies.
With the growing maturity of the cryptocurrency market, we can expect to see more frequent occurrences of the types of achievements mentioned earlier. This trend underscores the increasing prevalence and mainstream adoption of digital currencies in our daily transactions.
According to a corporate announcement made on Monday, Tether Holdings, the company behind the popular stablecoin USDT (the largest of its kind in the cryptocurrency market), has introduced a new synthetic dollar asset linked to gold.
In simple terms, Binance, the globally leading crypto exchange based on market capitalization, has successfully implemented Tether (USDT) on the Toncoin Network as of today.
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2024-06-21 18:22