TRON$TRX dominates the stablecoin market, processing 92% of USDT Tether
Analyst Kate Yang Zhu emphasized TRON's dominance in the stablecoin market, particularly its USDT transactions, in her post. According to Zhu, TRON now processes 92% of all USDT transactions, totaling $60 billion in the popular stablecoin.
However, the analysis showed that TRX's market capitalization is only $17 billion, which may indicate significant growth potential. Zhu also stated that TRX-based USDT is widely used in global trade, offering fast and inexpensive money transfers. This makes it a popular choice for stablecoin users around the world.
