Tether’s USDT on TRON Network Surpasses Visa’s $42,000,000,000 Daily Average Volume
In a new post on the social media platform X, market intelligence firm Lookonchain notes that earlier this week, the 24-hour trading volume of Tether’s dollar-pegged digital asset over Tron was $53 billion – a nearly 10% rise on the day – while Visa’s was sitting at $42 billion.
Lookonchain’s chart also shows that over the same 24-hour period, USDT saw over 2 million transfers, a 5.14% raise on the day.
Earlier this month, Tether announced the launch of a new gold-backed stablecoin with overcollateralized reserves. Known as aUSDT, the digital asset will be backed by Tether Gold (XAUT), meaning it will be backed by stores of physical gold in Switzerland.
