Shytoshi Kusama, the anonymous head of the Shiba Inu project, has expressed admiration for TRON founder Justin Sun. Kusama acknowledged Sun's pioneering role in the blockchain and stablecoin space. This information comes after a recent analysis highlighting the importance of TRON blockchain in the $200 billion stablecoin market.
TRON dominates the Stablecoin market, handling 92% of Tether's USDT
In a post, analyst Kate Young Ju emphasized TRON's dominance in the stablecoin market, particularly regarding USDT transactions. According to Ju, TRON currently handles 92% of all USDT transactions, totaling $60 billion in this popular stablecoin.
However, the analysis indicated that the market capitalization of TRX is only $17 billion, which may suggest there is still much room for growth. Ju also noted that USDT based on TRX is widely used for global transactions, providing fast and low-cost remittance services. This makes it a popular choice for stablecoin users worldwide.
Sun reflects on the development of Blockchain
TRON founder Justin Sun also agrees with this perspective, reflecting on the development of blockchain technology. "From the very beginning, I have seen blockchain as a means of transferring value," Sun commented.
He stated that early Bitcoin was inaccessible to the average user due to high transaction fees and slow speeds. Today, he believes that TRON has addressed these issues, providing a decentralized, fast, and affordable solution that is accessible to everyone.
Kusama draws inspiration from the Sun
In a comment directed at Sun, Kusama, the leader of Shiba Inu, praised Sun for the achievements of TRON. Kusama stated that Sun is the original inspiration for the development and direction of Shiba Inu, and he praised Sun's product-market fit (PMF) in the cryptocurrency industry.
"You have been a great source of inspiration for me from the start, and I am proud to see you achieve PMF in this field," he said. Notably, Kusama also expressed confidence that Shiba Inu will achieve its own product-market fit "in a different way."
