🎉Big news, Bitcoin enthusiasts! Tether (USDT) is making waves on the TRON network, with a 24-hour trading volume reaching a whopping $53 billion! 🚀That's right, it's surpassed Visa's average daily trading volume of $42 billion for Q1, 2024. Quite a feat, considering Visa's global reach and billions of transactions across 200+ countries.

The surge in TRON-based USDT value and usage is evident in Lookonchain's latest tweet, and the data doesn't lie. Over 45.5 million holders of USDT on the TRON network have been recorded, with a total transfer count exceeding 1.8 billion. 📈

The top ten holders of USDT on TRON hold a hefty 27.69% of the total supply on the network, that's 16.56 billion USDT! This trend reflects the growing demand for stablecoins like USDT, especially amidst a downturn in the crypto market.

The USDT transaction volume on the TRON network has been on a steady rise since January 2023, averaging around two million transactions almost daily. In the first week of April alone, TRON's weekly volume for USDT hit a mind-boggling $110 billion, double the amount settled on rival blockchain giant Ethereum. 🎯

In other news, Tether CEO Paolo Ardoino introduced aUSDT, a new synthetic dollar backed by Tether's gold-backed digital asset XAUt. This innovative move was praised by industry analyst Willi Woo, who called it a "genius business idea". While USDT currently earns returns on U.S. Treasury Bills, this new stablecoin will benefit from gold gains. 🏅

Stay tuned for more exciting BTC updates! 🎇