Pundi X recently revealed the strong performance of its XPOS devices in the field of crypto payments. During June 2024, up to 66% of cryptocurrency transactions on XPOS devices were completed through USDT on the TRON network. This ratio not only highlights TRON's leading position in the field of crypto payments, but also further proves the popularity of Pundi X XPOS devices as a digital currency payment solution.
This achievement was made possible by the close cooperation between TRON and Pundi X. Through the integration of XPOS devices, the two parties have greatly promoted the popularization and application of cryptocurrencies. As an integrated solution for retailers, Pundi X's XPOS device not only provides consumers with a convenient channel for purchasing and using digital currencies, but also provides strong support for the digital transformation of physical retail businesses.
As a stablecoin issued by Tether based on the Tron network, TRC20-USDT has won wide recognition in the market with its significant advantages such as fast transfer speed and high security. As of July 8, 2024, the circulation of TRC20-USDT has exceeded 59.8 billion, accounting for 53% of the supply of USDT on the entire network. The number of accounts held exceeds 46.82 million, and the cumulative number of transfers has reached an astonishing 1.84 billion. . This series of data not only proves the strong market performance of TRC20-USDT, but also further consolidates TRON’s dominant position as the largest USDT issuance network.
In the future, TRON will continue to leverage its advantages of a secure and efficient public chain to bring more convenience to blockchain users. At the same time, with the application and promotion of Pundi X XPOS devices in more retail scenarios, we can believe that the proportion of USDT transactions on the TRON network will continue to rise, injecting more vitality and possibilities into the field of encrypted payments.
