Stablecoin use rises in Korea, with 10% of trade using USDT, mainly on Tron’s network.
Tron overtakes Ethereum for USDT since 2021, driven by lower fees and faster transaction times.
USDT shows steady growth, while DAI and BUSD face fluctuations, likely from regulatory impacts.
Stablecoin adoption in South Korea is benefiting the financial market, with Tether (USDT) transactions leading the way.
Government reports indicate that roughly 10% of domestic trade transactions now involve stablecoins. This transition is gaining popularity among smaller traders and business owners because of reduced transaction times and lower fees.
Korean govt official: "10% of domestic trade txns uses stablecoins."$USDT dominates 72% of the stablecoin market, mainly on TRON blockchain, likely for its speed and low fees over ETH.
For whatever reason, the market chose #Tether and #TRON; they found a product-market fit. pic.twitter.com/pcfzniTGbS
— Ki Young Ju (@ki_young_ju) October 31, 2024
Tether and Tron Dominate Stablecoin Transactions
The shift toward stablecoins is led by USDT, which holds a 72% market share in South Korea through the Tron network. Tron’s speed and …
The post Stablecoins Take Over South Korea’s Trade Sector Driven by Tether on Tron appeared first on Coin Edition.
